Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 22nd, 2019 at 1.28195
The intermediate term trend has been DOWN since Apr 18th, 2019 at 1.30290
The short term trend has been DOWN since May 15th, 2019 at 1.30175
Smart Scan Analysis for GBPBSD
Based on a pre-defined weighted trend formula for chart analysis, GBPBSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).