Forex Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Weak Downtrend (-65) - GBPMKD is showing signs of a strengthening downtrend. Monitor GBPMKD as it may be building momentum to the downside.
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 UP since Nov 11th, 2020 at 69.41089
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 71.51325
The short-term trend has been DOWN since Sep 28th, 2021 at 71.62453
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).