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Forex Trend Analysis Report

Prepared for you on Thursday, September 20, 2018.

British Pound/ (FOREX:GBPYER)

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_GBPYER
Open High Low GBPYER Price Change
329.225 330.840 329.125 330.840 +1.615
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term down The long term trend has been DOWN since May 1st, 2018 at 343.39

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 325.85

short term up The short term trend has been UP since Sep 7th, 2018 at 324.81

Smart Scan Analysis for GBPYER

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

+70
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
329.225 330.840 329.125 330.840 +1.615
Prev. Close Volume Bid Ask Time
329.225 330.830 330.850 2018-09-20 06:51:23
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