Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
/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 UP since Nov 28th, 2017 at 1.3336
The intermediate term trend has been DOWN since Apr 24th, 2018 at 1.4076
The short term trend has been DOWN since Apr 24th, 2018 at 1.4081
Smart Scan Analysis for GIPUSD
Based on a pre-defined weighted trend formula for chart analysis, GIPUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).