Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 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 Sep 7th, 2018 at 0.006240
The short term trend has been UP since Oct 22nd, 2018 at 0.005760
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).