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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

British Pound/Macedonian Denar (FOREX:GBPMKD)

Bull Market Weakness (+75) - GBPMKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMKD as it may be in the beginning stages 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
73.00053 73.00053 72.79490 72.86838 -0.13215
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long-term trend has been UP since Jan 23rd, 2024 at 72.05632

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 72.19394

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 72.79920

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
73.00053 73.00053 72.79490 72.86838 -0.13215
Prev. Close Volume Bid Ask Time
72.87634 2024-06-17 23:42:14
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