Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
British Pound/Kuwaiti Dinar (FOREX:GBPKWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 GBPKWD
The long term trend has been DOWN since May 2nd, 2018 at 0.41207
The intermediate term trend has been DOWN since Oct 24th, 2018 at 0.39218
The short term trend has been UP since Dec 4th, 2018 at 0.38938
Smart Scan Analysis for GBPKWD
Based on a pre-defined weighted trend formula for chart analysis, GBPKWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).