Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
British Pound/Guatemalan Quetzal (FOREX:GBPGTQ)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 GBPGTQ
The long term trend has been UP since Apr 28th, 2017 at 9.50525
The intermediate term trend has been DOWN since Oct 6th, 2017 at 9.59870
The short term trend has been UP since Nov 15th, 2017 at 9.66855
Smart Scan Analysis for GBPGTQ
Based on a pre-defined weighted trend formula for chart analysis, GBPGTQ scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).