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.
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 UP since Jun 27th, 2018 at 0.189650
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).