Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
British Pound/CFP Franc (FOREX:GBPXPF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 GBPXPF
The long term trend has been DOWN since May 15th, 2018 at 133.19
The intermediate term trend has been UP since Sep 10th, 2018 at 134.13
The short term trend has been DOWN since Sep 19th, 2018 at 134.02
Smart Scan Analysis for GBPXPF
Based on a pre-defined weighted trend formula for chart analysis, GBPXPF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).