Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Australian Dollar/British Pound (FOREX:AUDGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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.
MarketClub’s Trade Triangles for AUDGBP
The long term trend has been DOWN since Sep 5th, 2018 at 0.55400
The intermediate term trend has been UP since Oct 28th, 2018 at 0.55387
The short term trend has been UP since Nov 15th, 2018 at 0.56094
Smart Scan Analysis for AUDGBP
Based on a pre-defined weighted trend formula for chart analysis, AUDGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).