Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Bosnia-Herzegovina Mark/British Pound (FOREX:BAMGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 BAMGBP
The long term trend has been UP since May 22nd, 2019 at 0.450185
The intermediate term trend has been UP since Jul 31st, 2019 at 0.462235
The short term trend has been UP since Jul 28th, 2019 at 0.458520
Smart Scan Analysis for BAMGBP
Based on a pre-defined weighted trend formula for chart analysis, BAMGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).