Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
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 UP since May 2nd, 2018 at 0.099205
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.102360
The short term trend has been DOWN since Sep 5th, 2018 at 0.101675
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).