Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
British Pound/ (FOREX:GBPZMW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 GBPZMW
The long term trend has been UP since Sep 5th, 2017 at 11.878
The intermediate term trend has been UP since Nov 20th, 2017 at 13.337
The short term trend has been UP since Sep 5th, 2017 at 11.878
Smart Scan Analysis for GBPZMW
Based on a pre-defined weighted trend formula for chart analysis, GBPZMW scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).