Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 GBPLBP
The long term trend has been DOWN since Jan 10th, 2020 at 1845.9500
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 1951.6468
The short term trend has been UP since Jan 21st, 2020 at 1977.1321
Smart Scan Analysis for GBPLBP
Based on a pre-defined weighted trend formula for chart analysis, GBPLBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).