Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
/British Pound (FOREX:LRDGBP)
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 LRDGBP
The long term trend has been UP since Dec 17th, 2019 at 0.00404298
The intermediate term trend has been DOWN since Jan 16th, 2020 at 0.00402065
The short term trend has been DOWN since Jan 16th, 2020 at 0.00403327
Smart Scan Analysis for LRDGBP
Based on a pre-defined weighted trend formula for chart analysis, LRDGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).