Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
British Pound/Barbadian Dollar (FOREX:GBPBBD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 GBPBBD
The long term trend has been DOWN since May 19th, 2019 at 2.55305
The intermediate term trend has been DOWN since May 15th, 2019 at 2.57750
The short term trend has been UP since Jun 10th, 2019 at 2.52080
Smart Scan Analysis for GBPBBD
Based on a pre-defined weighted trend formula for chart analysis, GBPBBD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).