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Forex Trend Analysis Report

Prepared for you on Wednesday, November 6, 2024.

British Pound/Macedonian Denar (FOREX:GBPMKD)

Bull Market Weakness (+75) - GBPMKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMKD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPMKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMKD
Open High Low GBPMKD Price Change
73.83650 74.08677 73.74667 73.94096 +0.10446
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long-term trend has been UP since Sep 23rd, 2024 at 73.47803

intermediate term down The intermediate-term trend has been DOWN since Oct 31st, 2024 at 73.29204

short term up The short-term trend has been UP since Nov 6th, 2024 at 73.51836

Smart Scan Analysis for GBPMKD

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

+75
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.83650 74.08677 73.74667 73.94096 +0.10446
Prev. Close Volume Bid Ask Time
73.83650 2024-11-06 18:00:06
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