Forex Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
Pakistani Rupee/British Pound (FOREX:PKRGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 UP since Oct 5th, 2017 at 0.007205
The short term trend has been DOWN since Oct 10th, 2017 at 0.007230
Smart Scan Analysis for PKRGBP
Based on a pre-defined weighted trend formula for chart analysis, PKRGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).