Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
/British Pound (FOREX:AWGGBP)
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 AWGGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.44268000
The intermediate term trend has been DOWN since Nov 18th, 2019 at 0.43085819
The short term trend has been UP since Jan 9th, 2020 at 0.42456032
Smart Scan Analysis for AWGGBP
Based on a pre-defined weighted trend formula for chart analysis, AWGGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).