Future Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
BRITISH POUND (FXCM) Cash (DTN:BP.Y$$)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BP.Y$$
The long term trend has been UP since Apr 18th, 2017 at 1.2648
The intermediate term trend has been DOWN since Oct 3rd, 2017 at 1.3257
The short term trend has been UP since Oct 12th, 2017 at 1.3219
Smart Scan Analysis for BP.Y$$
Based on a pre-defined weighted trend formula for chart analysis, BP.Y$$ scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.1112||Contract High Date||2007-11-08|
|Contract Low||1.3276||Contract Low Date||2017-10-13|
|Open Time||08:00||Close Time||15:10|