Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
MarketClub’s Trade Triangles for GBPUGX
The long term trend has been DOWN since May 20th, 2018 at 5021.20
The intermediate term trend has been DOWN since Oct 4th, 2018 at 4910.85
The short term trend has been DOWN since Oct 18th, 2018 at 4930.55
Smart Scan Analysis for GBPUGX
Based on a pre-defined weighted trend formula for chart analysis, GBPUGX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).