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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 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
331.39 331.89 331.34 331.63 +0.24
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term down The long term trend has been DOWN since May 1st, 2018 at 343.390

intermediate term up The intermediate term trend has been UP since Jul 8th, 2018 at 333.255

short term up The short term trend has been UP since Jul 16th, 2018 at 331.540

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
331.39 331.89 331.34 331.63 +0.24
Prev. Close Volume Bid Ask Time
331.39 330.90 332.36 2018-07-16 04:40:49
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