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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_MKDGBP
Open High Low MKDGBP Price Change
0.01369813 0.01376784 0.01369683 0.01373442 +0.00003600
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long term trend has been DOWN since Sep 20th, 2019 at 0.01432200

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.01429400

short term down The short term trend has been DOWN since Dec 4th, 2019 at 0.01383162

Smart Scan Analysis for MKDGBP

Based on a pre-defined weighted trend formula for chart analysis, MKDGBP scored -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
0.01369813 0.01376784 0.01369683 0.01373442 +0.00003600
Prev. Close Volume Bid Ask Time
0.01369813 0.01363397 0.01383488 2019-12-06 06:00:17
Want to analyze Macedonian Denar/British Pound MKDGBP or another symbol? Try our Free Forex Trend Analysis Report.