Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPAUD
The long term trend has been DOWN since May 29th, 2018 at 1.757865
The intermediate term trend has been DOWN since Jul 9th, 2018 at 1.773845
The short term trend has been DOWN since Aug 16th, 2018 at 1.749605
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).