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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Long-Term Uptrend (+90) - GBPMKD is in a strong uptrend that is likely to continue. While GBPMKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for GBPMKD
The long-term trend has been UP since Sep 23rd, 2024 at 73.47803
The intermediate-term trend has been UP since Nov 11th, 2024 at 74.22644
The short-term trend has been UP since Nov 21st, 2024 at 73.87731
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 73.84492 | 73.93323 | 73.82413 | 73.82413 | -0.02079 |
| Prev. Close | Volume | Bid | Ask | Time |
| 73.84492 | 2024-11-21 10:52:40 |