Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Guatemalan Quetzal/British Pound (FOREX:GTQGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 20th, 2018 at 0.098405
The intermediate term trend has been UP since Oct 25th, 2018 at 0.100390
The short term trend has been UP since Nov 15th, 2018 at 0.101095
Smart Scan Analysis for GTQGBP
Based on a pre-defined weighted trend formula for chart analysis, GTQGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).