Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
British Pound/CFP Franc (FOREX:GBPXPF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 GBPXPF
The long term trend has been UP since Sep 19th, 2019 at 136.10000
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 139.25212
The short term trend has been DOWN since Jan 20th, 2020 at 139.40254
Smart Scan Analysis for GBPXPF
Based on a pre-defined weighted trend formula for chart analysis, GBPXPF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).