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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2019.

British Pound/Comorian Franc (FOREX:GBPKMF)

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.

FOREX_GBPKMF
Open High Low GBPKMF Price Change
560.865 560.865 560.865 560.865 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPKMF

long term down The long term trend has been DOWN since May 17th, 2019 at 561.165

intermediate term down The intermediate term trend has been DOWN since May 14th, 2019 at 570.830

short term down The short term trend has been DOWN since Apr 19th, 2019 at 574.275

Smart Scan Analysis for GBPKMF

Based on a pre-defined weighted trend formula for chart analysis, GBPKMF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPKMF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
560.865 560.865 560.865 560.865 0.000
Prev. Close Volume Bid Ask Time
560.865 560.800 560.930 2019-05-17 18:03:02
Want to analyze British Pound/Comorian Franc GBPKMF or another symbol? Try our Free Forex Trend Analysis Report.