Forex Trend Analysis Report
Prepared for you on Saturday, March 17, 2018.
/British Pound (FOREX:BYNGBP)
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 BYNGBP
The long term trend has been DOWN since Apr 20th, 2017 at 0.41589
The intermediate term trend has been UP since Feb 22nd, 2018 at 0.36101
The short term trend has been UP since Feb 22nd, 2018 at 0.36101
Smart Scan Analysis for BYNGBP
Based on a pre-defined weighted trend formula for chart analysis, BYNGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).