Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
/British Pound (FOREX:RONGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 RONGBP
The long term trend has been UP since Jul 9th, 2018 at 0.190745
The intermediate term trend has been DOWN since Sep 10th, 2018 at 0.192200
The short term trend has been UP since Sep 21st, 2018 at 0.191515
Smart Scan Analysis for RONGBP
Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).