Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 Dec 2nd, 2018 at 1.740155
The intermediate term trend has been DOWN since Oct 28th, 2018 at 1.805400
The short term trend has been DOWN since Dec 10th, 2018 at 1.756575
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).