Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
British Pound/Brunei Dollar (FOREX:GBPBND)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 GBPBND
The long term trend has been UP since Oct 23rd, 2019 at 1.7290500
The intermediate term trend has been DOWN since Nov 11th, 2019 at 1.7480553
The short term trend has been UP since Nov 18th, 2019 at 1.7512010
Smart Scan Analysis for GBPBND
Based on a pre-defined weighted trend formula for chart analysis, GBPBND scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).