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Forex Trend Analysis Report

Prepared for you on Thursday, September 20, 2018.

British Pound/US Dollar (FOREX:GBPUSD)

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.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.314850 1.319760 1.314425 1.319060 +0.004210
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.371760

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 1.301255

short term up The short term trend has been UP since Sep 11th, 2018 at 1.304820

Smart Scan Analysis for GBPUSD

Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.314850 1.319760 1.314425 1.319060 +0.004210
Prev. Close Volume Bid Ask Time
1.314700 1.319020 1.319100 2018-09-20 06:25:34
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