Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
/British Pound (FOREX:YERGBP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 YERGBP
The long term trend has been UP since May 1st, 2018 at 0.002915
The intermediate term trend has been UP since Oct 24th, 2018 at 0.003091
The short term trend has been UP since Nov 15th, 2018 at 0.003113
Smart Scan Analysis for YERGBP
Based on a pre-defined weighted trend formula for chart analysis, YERGBP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).