Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Euro/British Pound (FOREX:EURGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 EURGBP
The long term trend has been UP since May 24th, 2019 at 0.88415
The intermediate term trend has been UP since May 14th, 2019 at 0.86830
The short term trend has been DOWN since Jun 19th, 2019 at 0.88971
Smart Scan Analysis for EURGBP
Based on a pre-defined weighted trend formula for chart analysis, EURGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).