Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for GBPMKD
The long term trend has been UP since Sep 20th, 2019 at 69.82500
The intermediate term trend has been UP since Oct 14th, 2019 at 69.96600
The short term trend has been UP since Nov 11th, 2019 at 71.62828
Smart Scan Analysis for GBPMKD
Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).