Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
British Pound/ (FOREX:GBPLRD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPLRD
The long term trend has been DOWN since Dec 11th, 2018 at 201.605
The intermediate term trend has been UP since Jan 1st, 2019 at 202.410
The short term trend has been UP since Jan 7th, 2019 at 202.905
Smart Scan Analysis for GBPLRD
Based on a pre-defined weighted trend formula for chart analysis, GBPLRD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).