Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Pakistani Rupee/British Pound (FOREX:PKRGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 PKRGBP
The long term trend has been DOWN since Apr 18th, 2017 at 0.007525
The intermediate term trend has been DOWN since Nov 30th, 2018 at 0.005684
The short term trend has been UP since Dec 10th, 2018 at 0.005657
Smart Scan Analysis for PKRGBP
Based on a pre-defined weighted trend formula for chart analysis, PKRGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).