Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
British Pound/ (FOREX:GBPAWG)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
MarketClub’s Trade Triangles for GBPAWG
The long term trend has been DOWN since May 21st, 2019 at 2.30345
The intermediate term trend has been DOWN since May 14th, 2019 at 2.35570
The short term trend has been UP since Jun 7th, 2019 at 2.28705
Smart Scan Analysis for GBPAWG
Based on a pre-defined weighted trend formula for chart analysis, GBPAWG scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).