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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MKDGBP
The long-term trend has been DOWN since Dec 5th, 2022 at 0.01391951
The intermediate-term trend has been DOWN since Jan 17th, 2023 at 0.01425946
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).