Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
British Pound/ (FOREX:GBPKMF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 GBPKMF
The long term trend has been UP since Oct 5th, 2018 at 559.665
The intermediate term trend has been UP since Nov 6th, 2018 at 557.495
The short term trend has been UP since Nov 6th, 2018 at 557.495
Smart Scan Analysis for GBPKMF
Based on a pre-defined weighted trend formula for chart analysis, GBPKMF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).