Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Dec 10th, 2018 at 90.490
The intermediate term trend has been DOWN since Jan 14th, 2019 at 89.285
The short term trend has been DOWN since Jan 11th, 2019 at 89.510
Smart Scan Analysis for EURGBX
Based on a pre-defined weighted trend formula for chart analysis, EURGBX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).