Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
British Pound/Cambodian Riel (FOREX:GBPKHR)
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 GBPKHR
The long term trend has been UP since Oct 22nd, 2019 at 5191.6000
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 5251.9891
The short term trend has been DOWN since Jan 8th, 2020 at 5371.8658
Smart Scan Analysis for GBPKHR
Based on a pre-defined weighted trend formula for chart analysis, GBPKHR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).