Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
/British Pound (FOREX:RONGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 Jun 12th, 2017 at 0.193125
The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.198040
The short term trend has been UP since Sep 20th, 2017 at 0.193115
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).