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.
MarketClub’s Trade Triangles for GBPRSD
The long term trend has been DOWN since May 22nd, 2019 at 133.495
The intermediate term trend has been DOWN since May 13th, 2019 at 135.845
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).