Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
British Pound/Haitian Gourde (FOREX:GBPHTG)
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 GBPHTG
The long term trend has been DOWN since Jun 6th, 2017 at 79.871
The intermediate term trend has been DOWN since Oct 5th, 2017 at 83.329
The short term trend has been DOWN since Oct 17th, 2017 at 83.246
Smart Scan Analysis for GBPHTG
Based on a pre-defined weighted trend formula for chart analysis, GBPHTG scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).