Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
British Pound/ (FOREX:GBPLRD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 GBPLRD
The long term trend has been DOWN since Dec 17th, 2019 at 247.38272
The intermediate term trend has been UP since Jan 16th, 2020 at 248.75698
The short term trend has been UP since Jan 16th, 2020 at 247.97844
Smart Scan Analysis for GBPLRD
Based on a pre-defined weighted trend formula for chart analysis, GBPLRD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).