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Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
British Pound/US Dollar (FOREX:GBPUSD)
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.
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MarketClub’s Trade Triangles for GBPUSD
The long term trend has been UP since Oct 15th, 2019 at 1.270100
The intermediate term trend has been DOWN since Dec 25th, 2019 at 1.289685
The short term trend has been UP since Jan 16th, 2020 at 1.306600
Smart Scan Analysis for GBPUSD
Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.30175 | 1.30175 | 1.30175 | 1.30175 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.30175 | 1.30160 | 1.30190 | 2020-01-19 03:07:53 |