Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
British Pound/Brunei Dollar (FOREX:GBPBND)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPBND
The long term trend has been UP since Jan 14th, 2019 at 2.022895
The intermediate term trend has been DOWN since Feb 7th, 2019 at 1.743550
The short term trend has been DOWN since Feb 11th, 2019 at 1.737100
Smart Scan Analysis for GBPBND
Based on a pre-defined weighted trend formula for chart analysis, GBPBND scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).