Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
British Pound/Comorian Franc (FOREX:GBPKMF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 GBPKMF
The long term trend has been UP since Nov 13th, 2019 at 574.00189
The intermediate term trend has been UP since Aug 27th, 2019 at 535.66000
The short term trend has been UP since Dec 2nd, 2019 at 577.00162
Smart Scan Analysis for GBPKMF
Based on a pre-defined weighted trend formula for chart analysis, GBPKMF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).