Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
/British Pound (FOREX:BYNGBP)
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 BYNGBP
The long term trend has been UP since Apr 18th, 2019 at 0.365315
The intermediate term trend has been UP since May 15th, 2019 at 0.369695
The short term trend has been UP since Aug 11th, 2019 at 0.404415
Smart Scan Analysis for BYNGBP
Based on a pre-defined weighted trend formula for chart analysis, BYNGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).