Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
/British Pound (FOREX:VESGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 VESGBP
The long term trend has been DOWN since Sep 25th, 2018 at 0.012377
The intermediate term trend has been DOWN since Nov 1st, 2018 at 0.012065
The short term trend has been UP since Nov 14th, 2018 at 0.011815
Smart Scan Analysis for VESGBP
Based on a pre-defined weighted trend formula for chart analysis, VESGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).