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Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Sidelines Mode (-55) - MKDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.01380287 0.01380287 0.01380287 0.01380287 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long-term trend has been DOWN since Nov 11th, 2020 at 0.01440773

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2021 at 0.01364735

short term up The short-term trend has been UP since Nov 29th, 2021 at 0.01364838

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01380287 0.01380287 0.01380287 0.01380287 0.00000000
Prev. Close Volume Bid Ask Time
0.01380287 2021-12-01 07:18:02
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