Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Bosnia-Herzegovina Mark/British Pound (FOREX:BAMGBP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BAMGBP
The long term trend has been DOWN since Sep 17th, 2019 at 0.45307500
The intermediate term trend has been DOWN since Jan 22nd, 2020 at 0.43345136
The short term trend has been DOWN since Jan 22nd, 2020 at 0.43376581
Smart Scan Analysis for BAMGBP
Based on a pre-defined weighted trend formula for chart analysis, BAMGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).