Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
British Pound/Bosnia-Herzegovina Mark (FOREX:GBPBAM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 GBPBAM
The long term trend has been UP since Oct 7th, 2018 at 2.21905
The intermediate term trend has been UP since Sep 9th, 2018 at 2.18055
The short term trend has been UP since Sep 27th, 2018 at 2.18635
Smart Scan Analysis for GBPBAM
Based on a pre-defined weighted trend formula for chart analysis, GBPBAM scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).