Forex Trend Analysis Report
Prepared for you on Wednesday, September 26, 2018.
British Pound/ (FOREX:GBPVEF)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 GBPVEF
The long term trend has been DOWN since Aug 20th, 2018 at 93998.0000
The intermediate term trend has been UP since Sep 11th, 2018 at 76.8525
The short term trend has been UP since Sep 17th, 2018 at 80.1300
Smart Scan Analysis for GBPVEF
Based on a pre-defined weighted trend formula for chart analysis, GBPVEF scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).