Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
British Pound/Kuwaiti Dinar (FOREX:GBPKWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 GBPKWD
The long term trend has been DOWN since May 2nd, 2018 at 0.41207
The intermediate term trend has been UP since Sep 10th, 2018 at 0.39454
The short term trend has been DOWN since Oct 15th, 2018 at 0.39895
Smart Scan Analysis for GBPKWD
Based on a pre-defined weighted trend formula for chart analysis, GBPKWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).