Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
British Pound/Guatemalan Quetzal (FOREX:GBPGTQ)
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 GBPGTQ
The long term trend has been DOWN since Dec 10th, 2018 at 9.69105
The intermediate term trend has been UP since Jan 11th, 2019 at 9.90470
The short term trend has been UP since Jan 17th, 2019 at 9.99495
Smart Scan Analysis for GBPGTQ
Based on a pre-defined weighted trend formula for chart analysis, GBPGTQ scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).