Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 GBPAUD
The long term trend has been UP since Feb 27th, 2019 at 1.854055
The intermediate term trend has been DOWN since May 24th, 2019 at 1.830570
The short term trend has been DOWN since May 22nd, 2019 at 1.836750
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).