Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
/US Dollar (FOREX:GIPUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 GIPUSD
The long term trend has been DOWN since May 3rd, 2018 at 1.3688
The intermediate term trend has been DOWN since Jan 3rd, 2019 at 1.2498
The short term trend has been UP since Jan 10th, 2019 at 1.2823
Smart Scan Analysis for GIPUSD
Based on a pre-defined weighted trend formula for chart analysis, GIPUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).