Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
British Pound/ (FOREX:GBPRON)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 GBPRON
The long term trend has been UP since Jan 22nd, 2019 at 5.38000
The intermediate term trend has been UP since Dec 31st, 2018 at 5.21405
The short term trend has been DOWN since Mar 18th, 2019 at 5.55080
Smart Scan Analysis for GBPRON
Based on a pre-defined weighted trend formula for chart analysis, GBPRON scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).