Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2019.
Barbadian Dollar/British Pound (FOREX:BBDGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 BBDGBP
The long term trend has been DOWN since Jan 31st, 2019 at 0.381630
The intermediate term trend has been DOWN since Feb 28th, 2019 at 0.381665
The short term trend has been UP since Apr 16th, 2019 at 0.383625
Smart Scan Analysis for BBDGBP
Based on a pre-defined weighted trend formula for chart analysis, BBDGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).