Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
/British Pound (FOREX:SLLGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SLLGBP
The long term trend has been DOWN since Aug 20th, 2018 at 0.000090
The intermediate term trend has been UP since Oct 28th, 2018 at 0.000090
The short term trend has been UP since Dec 11th, 2018 at 0.000091
Smart Scan Analysis for SLLGBP
Based on a pre-defined weighted trend formula for chart analysis, SLLGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).