Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Bear Market Rally (-75) - MKDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MKDGBP as it may be in the beginning of a reversal.

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
0.01370040 0.01372358 0.01369050 0.01372358 +0.00002300
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 0.01387877

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.01385232

short term up The short-term trend has been UP since Jun 17th, 2024 at 0.01373715

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01370040 0.01372358 0.01369050 0.01372358 +0.00002300
Prev. Close Volume Bid Ask Time
0.01370040 2024-06-20 06:12:02
Get a free daily analysis and signals for Macedonian Denar/British Pound (MKDGBP) - Request Your Free Report.