Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
US Dollar/British Pound (FOREX:USDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 USDGBP
The long term trend has been DOWN since Apr 18th, 2017 at 0.7871
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 0.7507
The short term trend has been UP since Feb 19th, 2018 at 0.7143
Smart Scan Analysis for USDGBP
Based on a pre-defined weighted trend formula for chart analysis, USDGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).