Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 GBPAUD
The long term trend has been UP since Sep 7th, 2018 at 1.805120
The intermediate term trend has been UP since Aug 29th, 2018 at 1.769380
The short term trend has been DOWN since Oct 14th, 2018 at 1.847235
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).