Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
British Pound/Euro (FOREX:GBPEUR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 GBPEUR
The long term trend has been DOWN since Jun 8th, 2017 at 1.137900
The intermediate term trend has been DOWN since Oct 12th, 2017 at 1.112115
The short term trend has been DOWN since Oct 17th, 2017 at 1.120200
Smart Scan Analysis for GBPEUR
Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).