Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
British Pound/Guatemalan Quetzal (FOREX:GBPGTQ)
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 GBPGTQ
The long term trend has been UP since Sep 20th, 2018 at 10.1620
The intermediate term trend has been DOWN since Oct 25th, 2018 at 9.9611
The short term trend has been DOWN since Nov 15th, 2018 at 9.8917
Smart Scan Analysis for GBPGTQ
Based on a pre-defined weighted trend formula for chart analysis, GBPGTQ scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).