Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
British Pound/Guinea Franc (FOREX:GBPGNF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 GBPGNF
The long term trend has been DOWN since Dec 3rd, 2018 at 11563.35
The intermediate term trend has been UP since Dec 30th, 2018 at 11544.05
The short term trend has been UP since Jan 7th, 2019 at 11610.20
Smart Scan Analysis for GBPGNF
Based on a pre-defined weighted trend formula for chart analysis, GBPGNF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).