Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

British Pound/Macedonian Denar (FOREX:GBPMKD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low GBPMKD Price Change
71.8250 71.8250 71.7905 71.8025 -0.0225
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long term trend has been UP since Jan 25th, 2019 at 71.1470

intermediate term up The intermediate term trend has been UP since Jan 4th, 2019 at 68.8860

short term down The short term trend has been DOWN since Mar 18th, 2019 at 71.9705

Smart Scan Analysis for GBPMKD

Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.8250 71.8250 71.7905 71.8025 -0.0225
Prev. Close Volume Bid Ask Time
71.8250 71.2770 72.3280 2019-03-20 03:16:46
Want to analyze British Pound/Macedonian Denar GBPMKD or another symbol? Try our Free Forex Trend Analysis Report.