Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
British Pound/Croatian Kuna (FOREX:GBPHRK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPHRK
The long term trend has been DOWN since Jul 17th, 2018 at 8.30580
The intermediate term trend has been DOWN since Jun 29th, 2018 at 8.32315
The short term trend has been DOWN since Jul 13th, 2018 at 8.34510
Smart Scan Analysis for GBPHRK
Based on a pre-defined weighted trend formula for chart analysis, GBPHRK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).