Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
British Pound/Tunisian Dinar (FOREX:GBPTND)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 GBPTND
The long term trend has been DOWN since May 16th, 2019 at 3.8342
The intermediate term trend has been DOWN since Jun 25th, 2019 at 3.6879
The short term trend has been UP since Aug 14th, 2019 at 3.4631
Smart Scan Analysis for GBPTND
Based on a pre-defined weighted trend formula for chart analysis, GBPTND scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).