Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
British Pound/ (FOREX:GBPMGA)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 GBPMGA
The long term trend has been DOWN since Jan 3rd, 2019 at 4418.05
The intermediate term trend has been UP since Jan 9th, 2019 at 4497.50
The short term trend has been DOWN since Feb 19th, 2019 at 4601.95
Smart Scan Analysis for GBPMGA
Based on a pre-defined weighted trend formula for chart analysis, GBPMGA scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).