Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
British Pound/Euro (FOREX:GBPEUR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 UP since Nov 1st, 2017 at 1.143300
The intermediate term trend has been UP since Nov 30th, 2017 at 1.137465
The short term trend has been UP since Dec 7th, 2017 at 1.141950
Smart Scan Analysis for GBPEUR
Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).