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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Sidelines Mode (+55) - MKDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MKDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MKDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MKDGBP
Open High Low MKDGBP Price Change
0.01409639 0.01409639 0.01409639 0.01409639 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term up The long-term trend has been UP since Sep 22nd, 2023 at 0.01413275

intermediate term up The intermediate-term trend has been UP since Sep 13th, 2023 at 0.01399441

short term down The short-term trend has been DOWN since Nov 21st, 2023 at 0.01417993

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01409639 0.01409639 0.01409639 0.01409639 0.00000000
Prev. Close Volume Bid Ask Time
0.01409639 2023-11-28 07:28:26
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