Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Bosnia-Herzegovina Mark/British Pound (FOREX:BAMGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 BAMGBP
The long term trend has been DOWN since Oct 7th, 2018 at 0.450665
The intermediate term trend has been DOWN since Sep 9th, 2018 at 0.458615
The short term trend has been UP since Oct 21st, 2018 at 0.449880
Smart Scan Analysis for BAMGBP
Based on a pre-defined weighted trend formula for chart analysis, BAMGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).