Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
CFP Franc/British Pound (FOREX:XPFGBP)
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 XPFGBP
The long term trend has been UP since May 15th, 2018 at 0.00751
The intermediate term trend has been UP since Apr 30th, 2018 at 0.00738
The short term trend has been DOWN since May 16th, 2018 at 0.00734
Smart Scan Analysis for XPFGBP
Based on a pre-defined weighted trend formula for chart analysis, XPFGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).