Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
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 GBPBSD
The long term trend has been UP since Jan 31st, 2019 at 1.30975
The intermediate term trend has been DOWN since Feb 12th, 2019 at 1.28900
The short term trend has been UP since Feb 18th, 2019 at 1.28730
Smart Scan Analysis for GBPBSD
Based on a pre-defined weighted trend formula for chart analysis, GBPBSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).