Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
British Pound/Jordanian Dinar (FOREX:GBPJOD)
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 GBPJOD
The long term trend has been UP since Oct 17th, 2019 at 0.8983500
The intermediate term trend has been UP since Nov 18th, 2019 at 0.9190874
The short term trend has been DOWN since Jan 28th, 2020 at 0.9255694
Smart Scan Analysis for GBPJOD
Based on a pre-defined weighted trend formula for chart analysis, GBPJOD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).