Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Barbadian Dollar/British Pound (FOREX:BBDGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 May 15th, 2019 at 0.388170
The short term trend has been DOWN since Jun 10th, 2019 at 0.396905
Smart Scan Analysis for BBDGBP
Based on a pre-defined weighted trend formula for chart analysis, BBDGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).