Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPAUD
The long term trend has been UP since Oct 25th, 2017 at 1.717360
The intermediate term trend has been UP since Mar 15th, 2018 at 1.790620
The short term trend has been UP since Mar 13th, 2018 at 1.774445
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).