Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
British Pound/Brunei Dollar (FOREX:GBPBND)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 GBPBND
The long term trend has been UP since Jun 7th, 2018 at 2.02325
The intermediate term trend has been UP since Jun 7th, 2018 at 2.02195
The short term trend has been DOWN since Jul 19th, 2018 at 1.96630
Smart Scan Analysis for GBPBND
Based on a pre-defined weighted trend formula for chart analysis, GBPBND scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).