Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
British Pound/ (FOREX:GBPMGA)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Apr 2nd, 2019 at 4706.00
The intermediate term trend has been DOWN since May 16th, 2019 at 4716.65
The short term trend has been UP since Jun 20th, 2019 at 4614.75
Smart Scan Analysis for GBPMGA
Based on a pre-defined weighted trend formula for chart analysis, GBPMGA scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).