Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Brunei Dollar/British Pound (FOREX:BNDGBP)
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 BNDGBP
The long term trend has been UP since May 1st, 2018 at 0.550280
The intermediate term trend has been DOWN since Jul 5th, 2018 at 0.554665
The short term trend has been DOWN since Jul 15th, 2018 at 0.690340
Smart Scan Analysis for BNDGBP
Based on a pre-defined weighted trend formula for chart analysis, BNDGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).