Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Australian Dollar/British Pound (FOREX:AUDGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 AUDGBP
The long term trend has been DOWN since Sep 5th, 2018 at 0.554000
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.565155
The short term trend has been UP since Sep 19th, 2018 at 0.549660
Smart Scan Analysis for AUDGBP
Based on a pre-defined weighted trend formula for chart analysis, AUDGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).