Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
British Pound/Brunei Dollar (FOREX:GBPBND)
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 GBPBND
The long term trend has been DOWN since Aug 8th, 2018 at 1.77505
The intermediate term trend has been DOWN since Sep 30th, 2018 at 1.78580
The short term trend has been DOWN since Oct 15th, 2018 at 1.85270
Smart Scan Analysis for GBPBND
Based on a pre-defined weighted trend formula for chart analysis, GBPBND scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).