Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
/British Pound (FOREX:RONGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 RONGBP
The long term trend has been DOWN since Nov 30th, 2016 at 0.187175
The intermediate term trend has been UP since May 16th, 2017 at 0.188565
The short term trend has been UP since May 12th, 2017 at 0.185690
Smart Scan Analysis for RONGBP
Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).