Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
British Pound/Pakistani Rupee (FOREX:GBPPKR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 GBPPKR
The long term trend has been UP since Apr 27th, 2017 at 132.285
The intermediate term trend has been UP since Dec 3rd, 2018 at 173.575
The short term trend has been DOWN since Dec 10th, 2018 at 176.455
Smart Scan Analysis for GBPPKR
Based on a pre-defined weighted trend formula for chart analysis, GBPPKR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).