Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Macedonian Denar/British Pound (FOREX:MKDGBP)
Countertrend Down (-85) - MKDGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Oct 6th, 2021 at 0.01382089
The short-term trend has been UP since Oct 25th, 2021 at 0.01372763
Smart Scan Analysis for MKDGBP
Based on our trend formula, MKDGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).