Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
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, MKDGBP 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 Aug 1st, 2022 at 0.01360366
The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.01386282
The short-term trend has been DOWN since Aug 16th, 2022 at 0.01371582
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).