Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
British Pound/ (FOREX:GBPRON)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 GBPRON
The long term trend has been DOWN since Dec 10th, 2018 at 5.1267
The intermediate term trend has been DOWN since Nov 29th, 2018 at 5.2213
The short term trend has been UP since Dec 12th, 2018 at 5.1879
Smart Scan Analysis for GBPRON
Based on a pre-defined weighted trend formula for chart analysis, GBPRON scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).