Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
British Pound/ (FOREX:GBPLRD)
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 GBPLRD
The long term trend has been UP since Jan 21st, 2019 at 207.795
The intermediate term trend has been UP since Jan 1st, 2019 at 202.410
The short term trend has been UP since Mar 21st, 2019 at 214.750
Smart Scan Analysis for GBPLRD
Based on a pre-defined weighted trend formula for chart analysis, GBPLRD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).