Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
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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 Jul 2nd, 2019 at 1.26210
The short term trend has been DOWN since Jul 1st, 2019 at 1.26910
Smart Scan Analysis for GBPBSD
Based on a pre-defined weighted trend formula for chart analysis, GBPBSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.20185 | 1.20185 | 1.20185 | 1.20185 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.20185 | 1.19430 | 1.20940 | 2019-08-11 20:07:53 |