Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Barbadian Dollar/British Pound (FOREX:BBDGBP)
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 BBDGBP
The long term trend has been UP since May 19th, 2019 at 0.391885
The intermediate term trend has been UP since Jul 9th, 2019 at 0.398045
The short term trend has been UP since Jul 2nd, 2019 at 0.390540
Smart Scan Analysis for BBDGBP
Based on a pre-defined weighted trend formula for chart analysis, BBDGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).