Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 GBPLBP
The long term trend has been DOWN since Jul 22nd, 2018 at 1983.20
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 1967.25
The short term trend has been DOWN since Oct 21st, 2018 at 1980.75
Smart Scan Analysis for GBPLBP
Based on a pre-defined weighted trend formula for chart analysis, GBPLBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).