Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
British Pound/US Dollar (FOREX:GBPUSD)
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 GBPUSD
The long term trend has been DOWN since May 1st, 2018 at 1.37176
The intermediate term trend has been UP since Dec 31st, 2018 at 1.27770
The short term trend has been UP since Jan 17th, 2019 at 1.29278
Smart Scan Analysis for GBPUSD
Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).