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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

British Pound/ (FOREX:GBPRSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_GBPRSD
Open High Low GBPRSD Price Change
131.040 131.580 130.740 131.395 +0.355
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term down The long term trend has been DOWN since May 22nd, 2019 at 133.495

intermediate term down The intermediate term trend has been DOWN since May 13th, 2019 at 135.845

short term up The short term trend has been UP since Jul 19th, 2019 at 131.215

Smart Scan Analysis for GBPRSD

Based on a pre-defined weighted trend formula for chart analysis, GBPRSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
131.040 131.580 130.740 131.395 +0.355
Prev. Close Volume Bid Ask Time
131.04 131.260 131.530 2019-07-23 20:43:55
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