Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
/British Pound (FOREX:CDFGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CDFGBP
The long term trend has been UP since May 22nd, 2019 at 0.000474
The intermediate term trend has been UP since Apr 23rd, 2019 at 0.000466
The short term trend has been UP since May 16th, 2019 at 0.000466
Smart Scan Analysis for CDFGBP
Based on a pre-defined weighted trend formula for chart analysis, CDFGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).