Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 GBPAUD
The long term trend has been UP since Sep 7th, 2018 at 1.805120
The intermediate term trend has been UP since Aug 29th, 2018 at 1.769380
The short term trend has been DOWN since Sep 19th, 2018 at 1.819345
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).