Forex Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
British Pound/ (FOREX:GBPZMW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 GBPZMW
The long term trend has been UP since Sep 16th, 2018 at 13.8375
The intermediate term trend has been DOWN since Oct 28th, 2018 at 15.0905
The short term trend has been UP since Nov 1st, 2018 at 15.3535
Smart Scan Analysis for GBPZMW
Based on a pre-defined weighted trend formula for chart analysis, GBPZMW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).