Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
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.
MarketClub’s Trade Triangles for GBPMKD
The long-term trend has been DOWN since Sep 22nd, 2023 at 70.76144
The intermediate-term trend has been UP since Nov 29th, 2023 at 71.22298
The short-term trend has been UP since Nov 21st, 2023 at 70.52595
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).