Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Barbadian Dollar/British Pound (FOREX:BBDGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 BBDGBP
The long term trend has been UP since May 1st, 2018 at 0.362245
The intermediate term trend has been DOWN since Sep 16th, 2018 at 0.383925
The short term trend has been DOWN since Sep 9th, 2018 at 0.384470
Smart Scan Analysis for BBDGBP
Based on a pre-defined weighted trend formula for chart analysis, BBDGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).