Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
British Pound/ (FOREX:GBPVEF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 GBPVEF
The long term trend has been UP since Apr 11th, 2017 at 12.357
The intermediate term trend has been UP since Jun 29th, 2018 at 107142.000
The short term trend has been UP since Jun 29th, 2018 at 107142.000
Smart Scan Analysis for GBPVEF
Based on a pre-defined weighted trend formula for chart analysis, GBPVEF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).