Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Euro/British Penny Sterling (FOREX:EURGBX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 EURGBX
The long term trend has been DOWN since Jan 25th, 2019 at 86.595
The intermediate term trend has been UP since Mar 21st, 2019 at 86.990
The short term trend has been UP since Apr 5th, 2019 at 86.065
Smart Scan Analysis for EURGBX
Based on a pre-defined weighted trend formula for chart analysis, EURGBX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).