Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
British Pound/Australian Dollar (FOREX:GBPAUD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 Sep 19th, 2019 at 1.841575
The intermediate term trend has been DOWN since Dec 19th, 2019 at 1.889405
The short term trend has been DOWN since Jan 20th, 2020 at 1.888375
Smart Scan Analysis for GBPAUD
Based on a pre-defined weighted trend formula for chart analysis, GBPAUD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).