Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 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 DOWN since Feb 27th, 2019 at 0.53731
The intermediate term trend has been DOWN since Apr 30th, 2019 at 0.54212
The short term trend has been UP since May 22nd, 2019 at 0.54457
Smart Scan Analysis for AUDGBP
Based on a pre-defined weighted trend formula for chart analysis, AUDGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).