Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
British Pound/ (FOREX:GBPAWG)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 GBPAWG
The long term trend has been UP since Oct 17th, 2019 at 2.2587500
The intermediate term trend has been UP since Nov 18th, 2019 at 2.3210041
The short term trend has been DOWN since Jan 9th, 2020 at 2.3554506
Smart Scan Analysis for GBPAWG
Based on a pre-defined weighted trend formula for chart analysis, GBPAWG scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).