Index Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
BARCLAYS BANK PLC IPATH GBP/USD EXCHANGE R (PACF:GBBEF.IV)
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 GBBEF.IV
The long term trend has been DOWN since Apr 26th, 2018 at 36.6931
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 34.0640
The short term trend has been UP since Nov 26th, 2018 at 33.6946
Smart Scan Analysis for GBBEF.IV
Based on a pre-defined weighted trend formula for chart analysis, GBBEF.IV scored -85 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|