Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
BARCLAYS BANK PLC IPATH GBP/USD EXCHANGE R (PACF:GBBEF.IV)
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 GBBEF.IV
The long term trend has been DOWN since Apr 26th, 2018 at 36.6931
The intermediate term trend has been DOWN since Jul 19th, 2018 at 34.0685
The short term trend has been UP since Aug 20th, 2018 at 33.4310
Smart Scan Analysis for GBBEF.IV
Based on a pre-defined weighted trend formula for chart analysis, GBBEF.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||37.0291||52wk High Date||2018-07-02|
|52wk Low||33.1898||52wk Low Date||2018-08-15|