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Forex Trend Analysis Report

Prepared for you on Tuesday, July 17, 2018.

/British Pound (FOREX:RONGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.189830 0.190295 0.189820 0.190200 +0.000370
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term up The long term trend has been UP since Jul 9th, 2018 at 0.190745

intermediate term up The intermediate term trend has been UP since Jun 27th, 2018 at 0.189650

short term down The short term trend has been DOWN since Jul 16th, 2018 at 0.189435

Smart Scan Analysis for RONGBP

Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.189830 0.190295 0.189820 0.190200 +0.000370
Prev. Close Volume Bid Ask Time
0.189830 0.190100 0.190300 2018-07-17 09:19:33
Want to analyze /British Pound RONGBP or another symbol? Try our Free Forex Trend Analysis Report.