Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
British Pound/Jordanian Dinar (FOREX:GBPJOD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 GBPJOD
The long term trend has been DOWN since May 1st, 2018 at 0.972650
The intermediate term trend has been DOWN since Oct 24th, 2018 at 0.917545
The short term trend has been DOWN since Dec 5th, 2018 at 0.901400
Smart Scan Analysis for GBPJOD
Based on a pre-defined weighted trend formula for chart analysis, GBPJOD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).