Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Zimbabwean Dollar/British Pound (FOREX:ZWDGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ZWDGBP
The long term trend has been DOWN since Oct 13th, 2019 at 1.711750
The intermediate term trend has been DOWN since Oct 13th, 2019 at 1.711750
The short term trend has been UP since Oct 16th, 2019 at 1.711735
Smart Scan Analysis for ZWDGBP
Based on a pre-defined weighted trend formula for chart analysis, ZWDGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).