Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Australian Dollar/British Pound (FOREX:AUDGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 Oct 25th, 2017 at 0.582300
The intermediate term trend has been DOWN since Jan 22nd, 2018 at 0.574085
The short term trend has been UP since Feb 20th, 2018 at 0.566425
Smart Scan Analysis for AUDGBP
Based on a pre-defined weighted trend formula for chart analysis, AUDGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).