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.
MarketClub’s Trade Triangles for GBPKMF
The long term trend has been DOWN since May 17th, 2019 at 561.165
The intermediate term trend has been DOWN since May 14th, 2019 at 570.830
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).