Forex Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
British Pound/ (FOREX:GBPCDF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 GBPCDF
The long term trend has been UP since Oct 17th, 2019 at 2093.6000
The intermediate term trend has been UP since Oct 13th, 2019 at 2077.7000
The short term trend has been DOWN since Nov 10th, 2019 at 2138.8524
Smart Scan Analysis for GBPCDF
Based on a pre-defined weighted trend formula for chart analysis, GBPCDF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).