Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

British Pound/Macedonian Denar (FOREX:GBPMKD)

Bear Market Rally (-75) - GBPMKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMKD as it may be in the beginning 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.

FOREX_GBPMKD
Open High Low GBPMKD Price Change
69.22114 69.39248 69.06234 69.39248 +0.17134
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 71.72305

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 69.75507

short term up The short-term trend has been UP since May 26th, 2020 at 68.99622

Smart Scan Analysis for GBPMKD

Based on our trend formula, GBPMKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.22114 69.39248 69.06234 69.39248 +0.17134
Prev. Close Volume Bid Ask Time
69.22114 68.88618 69.89879 2020-05-26 08:58:58
Get a free daily analysis and signals for British Pound/Macedonian Denar (GBPMKD) - Request Your Free Report.