Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
/British Pound (FOREX:MGAGBP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.
MarketClub’s Trade Triangles for MGAGBP
The long term trend has been DOWN since Sep 19th, 2019 at 0.00021400
The intermediate term trend has been UP since Dec 17th, 2019 at 0.00021074
The short term trend has been UP since Jan 3rd, 2020 at 0.00020688
Smart Scan Analysis for MGAGBP
Based on a pre-defined weighted trend formula for chart analysis, MGAGBP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).