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Forex Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

/British Pound (FOREX:CDFGBP)

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.

FOREX_CDFGBP
Open High Low CDFGBP Price Change
0.000498 0.000498 0.000498 0.000498 0.000000
Entry Signal

MarketClub’s Trade Triangles for CDFGBP

long term up The long term trend has been UP since May 22nd, 2019 at 0.000474

intermediate term up The intermediate term trend has been UP since Jul 2nd, 2019 at 0.000480

short term up The short term trend has been UP since Jul 16th, 2019 at 0.000483

Smart Scan Analysis for CDFGBP

Based on a pre-defined weighted trend formula for chart analysis, CDFGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for CDFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000498 0.000498 0.000498 0.000498 0.000000
Prev. Close Volume Bid Ask Time
0.000498 0.000491 0.000505 2019-08-18 20:19:25
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