Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
/British Pound (FOREX:RSDGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 RSDGBP
The long term trend has been DOWN since Oct 4th, 2018 at 0.007450
The intermediate term trend has been DOWN since Nov 5th, 2018 at 0.007396
The short term trend has been UP since Nov 15th, 2018 at 0.007462
Smart Scan Analysis for RSDGBP
Based on a pre-defined weighted trend formula for chart analysis, RSDGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).