Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, December 11, 2018.

British Pound/ (FOREX:GBPLFX)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_GBPLFX
Open High Low GBPLFX Price Change
2.56285 2.57035 2.56115 2.56885 +0.00600
Entry Signal

MarketClub’s Trade Triangles for GBPLFX

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 2.57795

intermediate term down The intermediate term trend has been DOWN since Oct 25th, 2018 at 2.60815

short term down The short term trend has been DOWN since Dec 10th, 2018 at 2.58265

Smart Scan Analysis for GBPLFX

Based on a pre-defined weighted trend formula for chart analysis, GBPLFX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.56285 2.57035 2.56115 2.56885 +0.00600
Prev. Close Volume Bid Ask Time
2.56285 2.56810 2.56960 2018-12-11 06:39:38
Want to analyze British Pound/ GBPLFX or another symbol? Try our Free Forex Trend Analysis Report.