Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
British Pound/CFP Franc (FOREX:GBPXPF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 GBPXPF
The long term trend has been DOWN since May 15th, 2018 at 133.19
The intermediate term trend has been DOWN since Jun 14th, 2018 at 134.80
The short term trend has been UP since Jun 15th, 2018 at 137.31
Smart Scan Analysis for GBPXPF
Based on a pre-defined weighted trend formula for chart analysis, GBPXPF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).