Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
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 EURGBX
The long term trend has been DOWN since Oct 5th, 2018 at 88.005
The intermediate term trend has been DOWN since Sep 10th, 2018 at 89.180
The short term trend has been UP since Oct 12th, 2018 at 87.910
Smart Scan Analysis for EURGBX
Based on a pre-defined weighted trend formula for chart analysis, EURGBX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).