Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
/British Pound (FOREX:LRDGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 LRDGBP
The long term trend has been UP since Dec 11th, 2018 at 0.004961
The intermediate term trend has been DOWN since Jan 1st, 2019 at 0.004942
The short term trend has been DOWN since Jan 7th, 2019 at 0.004930
Smart Scan Analysis for LRDGBP
Based on a pre-defined weighted trend formula for chart analysis, LRDGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).