Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
/British Pound (FOREX:BTNGBP)
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 BTNGBP
The long term trend has been DOWN since Sep 5th, 2019 at 0.01130700
The intermediate term trend has been DOWN since Dec 31st, 2019 at 0.01067280
The short term trend has been UP since Jan 9th, 2020 at 0.01067905
Smart Scan Analysis for BTNGBP
Based on a pre-defined weighted trend formula for chart analysis, BTNGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).