Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
British Pound/Maltese Lira (FOREX:GBPMTL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 GBPMTL
The long term trend has been DOWN since May 15th, 2019 at 0.377025
The intermediate term trend has been UP since Aug 25th, 2019 at 0.360190
The short term trend has been UP since Aug 22nd, 2019 at 0.356695
Smart Scan Analysis for GBPMTL
Based on a pre-defined weighted trend formula for chart analysis, GBPMTL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).