Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
British Pound/ (FOREX:GBPGHS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 GBPGHS
The long term trend has been DOWN since Dec 11th, 2018 at 6.09320
The intermediate term trend has been UP since Jan 7th, 2019 at 6.22860
The short term trend has been UP since Jan 7th, 2019 at 6.16955
Smart Scan Analysis for GBPGHS
Based on a pre-defined weighted trend formula for chart analysis, GBPGHS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).