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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Macedonian Denar/British Pound (FOREX:MKDGBP)

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

Is it time to buy, sell, or avoid MKDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MKDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MKDGBP
Open High Low MKDGBP Price Change
0.01397851 0.01400254 0.01397851 0.01400254 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 0.01387877

intermediate term up The intermediate-term trend has been UP since Apr 21st, 2024 at 0.01394510

short term up The short-term trend has been UP since Apr 18th, 2024 at 0.01389149

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01397851 0.01400254 0.01397851 0.01400254 +0.00002400
Prev. Close Volume Bid Ask Time
0.01397851 2024-04-22 04:31:41
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