Future Trend Analysis Report
Prepared for you on Friday, April 26, 2019.
E-MICRO GBP/USD Jun 2019 (CME:M6B.M19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 M6B.M19
The long term trend has been UP since Jan 17th, 2019 at 1.2900
The intermediate term trend has been DOWN since Mar 29th, 2019 at 1.3029
The short term trend has been DOWN since Apr 16th, 2019 at 1.3089
Smart Scan Analysis for M6B.M19
Based on a pre-defined weighted trend formula for chart analysis, M6B.M19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).