Forex Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
British Pound/Cambodian Riel (FOREX:GBPKHR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 GBPKHR
The long term trend has been DOWN since May 1st, 2018 at 5555.60
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 5301.05
The short term trend has been UP since Nov 4th, 2018 at 5205.35
Smart Scan Analysis for GBPKHR
Based on a pre-defined weighted trend formula for chart analysis, GBPKHR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).