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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

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.

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
0.01366704 0.01366704 0.01366704 0.01366704 0.00000000
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 down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.01385232

short term down The short-term trend has been DOWN since Jun 5th, 2024 at 0.01382241

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
0.01366704 0.01366704 0.01366704 0.01366704 0.00000000
Prev. Close Volume Bid Ask Time
0.01366704 2024-06-15 17:06:46
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