Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
British Pound/US Dollar (FOREX:GBPUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPUSD
The long term trend has been UP since Feb 26th, 2019 at 1.321515
The intermediate term trend has been UP since Feb 25th, 2019 at 1.310160
The short term trend has been UP since Mar 25th, 2019 at 1.322585
Smart Scan Analysis for GBPUSD
Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).