Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Guatemalan Quetzal/British Pound (FOREX:GTQGBP)
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 GTQGBP
The long term trend has been DOWN since Sep 8th, 2017 at 0.103665
The intermediate term trend has been DOWN since Nov 20th, 2017 at 0.102200
The short term trend has been DOWN since Dec 13th, 2017 at 0.101595
Smart Scan Analysis for GTQGBP
Based on a pre-defined weighted trend formula for chart analysis, GTQGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).