Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
British Pound/ (FOREX:GBPSLL)
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 GBPSLL
The long term trend has been UP since Aug 23rd, 2019 at 11736.650
The intermediate term trend has been DOWN since Jan 20th, 2020 at 12637.285
The short term trend has been UP since Feb 13th, 2020 at 12652.066
Smart Scan Analysis for GBPSLL
Based on a pre-defined weighted trend formula for chart analysis, GBPSLL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).