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.
MarketClub’s Trade Triangles for GBPYER
The long term trend has been DOWN since May 1st, 2018 at 343.390
The intermediate term trend has been UP since Jul 8th, 2018 at 333.255
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).