Forex Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
/US Dollar (FOREX:GBXUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 GBXUSD
The long term trend has been DOWN since May 1st, 2018 at 0.013718
The intermediate term trend has been UP since Aug 29th, 2018 at 0.012972
The short term trend has been DOWN since Sep 21st, 2018 at 0.013116
Smart Scan Analysis for GBXUSD
Based on a pre-defined weighted trend formula for chart analysis, GBXUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).