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Forex Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Strong Downtrend (-100) - MKDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MKDGBP continues to fall. Traders should use caution and set stops.

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.

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FOREX_MKDGBP
Open High Low MKDGBP Price Change
0.01425768 0.01425768 0.01425135 0.01425135 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long-term trend has been DOWN since Dec 5th, 2022 at 0.01391951

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2023 at 0.01425946

short term down The short-term trend has been DOWN since Jan 29th, 2023 at 0.01424778

Smart Scan Analysis for MKDGBP

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

-100
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01425768 0.01425768 0.01425135 0.01425135 -0.00000600
Prev. Close Volume Bid Ask Time
0.01425768 2023-01-30 21:07:56
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