Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Macedonian Denar/British Pound (FOREX:MKDGBP)
Strong Downtrend (-100) - MKDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for MKDGBP
The long-term trend has been DOWN since Nov 11th, 2020 at 0.01440773
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 0.01454354
The short-term trend has been DOWN since Mar 5th, 2021 at 0.01402731
Smart Scan Analysis for MKDGBP
Based on our trend formula, MKDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).