Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
British Pound/Euro (FOREX:GBPEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 1.14330
The intermediate term trend has been DOWN since Feb 13th, 2018 at 1.12240
The short term trend has been UP since Feb 16th, 2018 at 1.12884
Smart Scan Analysis for GBPEUR
Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).