Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
British Pound/Euro (FOREX:GBPEUR)
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 GBPEUR
The long term trend has been UP since Mar 22nd, 2018 at 1.150635
The intermediate term trend has been DOWN since Jun 7th, 2018 at 1.132300
The short term trend has been DOWN since Jun 22nd, 2018 at 1.136200
Smart Scan Analysis for GBPEUR
Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).