Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
US Dollar/British Pound (FOREX:USDGBP)
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 USDGBP
The long term trend has been DOWN since Oct 15th, 2019 at 0.787300
The intermediate term trend has been DOWN since Oct 11th, 2019 at 0.794800
The short term trend has been UP since Jan 20th, 2020 at 0.769855
Smart Scan Analysis for USDGBP
Based on a pre-defined weighted trend formula for chart analysis, USDGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).