Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 UP since Jan 25th, 2019 at 71.1470
The intermediate term trend has been UP since Jan 4th, 2019 at 68.8860
The short term trend has been DOWN since Mar 18th, 2019 at 71.9705
Smart Scan Analysis for GBPMKD
Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).