Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
US Dollar/British Pound (FOREX:USDGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 USDGBP
The long term trend has been UP since May 1st, 2018 at 0.729035
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.768345
The short term trend has been UP since Oct 14th, 2018 at 0.761115
Smart Scan Analysis for USDGBP
Based on a pre-defined weighted trend formula for chart analysis, USDGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).