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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Crossroads (+60) - GBPMKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPMKD
The long-term trend has been DOWN since Jan 14th, 2025 at 73.08309
The intermediate-term trend has been UP since Feb 2nd, 2025 at 73.63861
The short-term trend has been UP since Jan 23rd, 2025 at 72.91827
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 73.98168 | 74.00971 | 73.98168 | 74.00570 | +0.02402 |
| Prev. Close | Volume | Bid | Ask | Time |
| 73.93365 | 2025-02-04 20:21:02 |