Index Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
PHLX GBP CURRENCY INDEX (NASDAQ:XDB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 XDB
The long term trend has been DOWN since May 1st, 2018 at 137.12
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 139.66
The short term trend has been UP since Jun 20th, 2018 at 132.98
Smart Scan Analysis for XDB
Based on a pre-defined weighted trend formula for chart analysis, XDB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||143.45||52wk High Date||2018-01-25|
|52wk Low||126.54||52wk Low Date||2017-06-22|