Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
/British Pound (FOREX:RSDGBP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since May 26th, 2017 at 0.007095
The intermediate term trend has been UP since Oct 12th, 2017 at 0.007550
The short term trend has been UP since Oct 18th, 2017 at 0.007495
Smart Scan Analysis for RSDGBP
Based on a pre-defined weighted trend formula for chart analysis, RSDGBP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).