Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
/British Pound (FOREX:RSDGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Dec 7th, 2017 at 0.007325
The intermediate term trend has been UP since Feb 12th, 2018 at 0.007510
The short term trend has been UP since Feb 12th, 2018 at 0.007490
Smart Scan Analysis for RSDGBP
Based on a pre-defined weighted trend formula for chart analysis, RSDGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).