Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
/British Pound (FOREX:GYDGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GYDGBP
The long term trend has been UP since May 13th, 2018 at 0.003505
The intermediate term trend has been UP since Dec 3rd, 2018 at 0.003759
The short term trend has been UP since Nov 29th, 2018 at 0.003734
Smart Scan Analysis for GYDGBP
Based on a pre-defined weighted trend formula for chart analysis, GYDGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).