Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Pakistani Rupee/British Pound (FOREX:PKRGBP)
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 PKRGBP
The long term trend has been DOWN since Apr 18th, 2017 at 0.007525
The intermediate term trend has been UP since Aug 6th, 2018 at 0.006270
The short term trend has been UP since Jul 30th, 2018 at 0.005917
Smart Scan Analysis for PKRGBP
Based on a pre-defined weighted trend formula for chart analysis, PKRGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).