Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
Bosnia-Herzegovina Mark/British Pound (FOREX:BAMGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 BAMGBP
The long term trend has been UP since May 22nd, 2019 at 0.450185
The intermediate term trend has been UP since May 15th, 2019 at 0.443595
The short term trend has been UP since May 8th, 2019 at 0.437810
Smart Scan Analysis for BAMGBP
Based on a pre-defined weighted trend formula for chart analysis, BAMGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).