Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPAUD
The long term trend has been UP since Feb 27th, 2019 at 1.854055
The intermediate term trend has been DOWN since Mar 29th, 2019 at 1.830775
The short term trend has been DOWN since Apr 5th, 2019 at 1.834370
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).