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.
MarketClub’s Trade Triangles for MKDGBP
The long-term trend has been UP since Sep 22nd, 2023 at 0.01413275
The intermediate-term trend has been UP since Sep 13th, 2023 at 0.01399441
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).