Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
British Pound/Guatemalan Quetzal (FOREX:GBPGTQ)
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 GBPGTQ
The long term trend has been UP since Apr 28th, 2017 at 9.50525
The intermediate term trend has been UP since Mar 16th, 2018 at 10.39750
The short term trend has been DOWN since Apr 18th, 2018 at 10.55450
Smart Scan Analysis for GBPGTQ
Based on a pre-defined weighted trend formula for chart analysis, GBPGTQ scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).