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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

British Pound/ (FOREX:GBPRON)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

Open High Low GBPRON Price Change
5.33255 5.33835 5.29345 5.30085 -0.03170
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term up The long term trend has been UP since Mar 22nd, 2018 at 5.36745

intermediate term up The intermediate term trend has been UP since May 29th, 2018 at 5.32265

short term down The short term trend has been DOWN since Jun 22nd, 2018 at 5.30250

Smart Scan Analysis for GBPRON

Based on a pre-defined weighted trend formula for chart analysis, GBPRON scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.33255 5.33835 5.29345 5.30085 -0.03170
Prev. Close Volume Bid Ask Time
5.33255 5.29800 5.30370 2018-06-22 17:37:52
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