Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
British Pound/Costa Rican Colon (FOREX:GBPCRC)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 GBPCRC
The long term trend has been UP since Oct 16th, 2019 at 741.1550
The intermediate term trend has been DOWN since Jan 19th, 2020 at 732.5535
The short term trend has been UP since Jan 22nd, 2020 at 736.2851
Smart Scan Analysis for GBPCRC
Based on a pre-defined weighted trend formula for chart analysis, GBPCRC scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).