Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 DOWN since May 22nd, 2019 at 69.7860
The intermediate term trend has been DOWN since May 13th, 2019 at 70.8965
The short term trend has been DOWN since Jul 23rd, 2019 at 68.1440
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).