Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Australian Dollar/British Pound (FOREX:AUDGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 AUDGBP
The long term trend has been UP since Dec 2nd, 2018 at 0.574825
The intermediate term trend has been DOWN since Dec 19th, 2018 at 0.563000
The short term trend has been DOWN since Feb 18th, 2019 at 0.551590
Smart Scan Analysis for AUDGBP
Based on a pre-defined weighted trend formula for chart analysis, AUDGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).