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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

British Pound/ (FOREX:GBPRSD)

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.

Open High Low GBPRSD Price Change
132.530 132.780 131.905 132.390 -0.140
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 up The intermediate term trend has been UP since Aug 27th, 2019 at 130.510

short term up The short term trend has been UP since Sep 4th, 2019 at 130.465

Smart Scan Analysis for GBPRSD

Based on a pre-defined weighted trend formula for chart analysis, GBPRSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
132.530 132.780 131.905 132.390 -0.140
Prev. Close Volume Bid Ask Time
132.53 132.250 132.530 2019-09-17 06:47:43
Want to analyze British Pound/ GBPRSD or another symbol? Try our Free Forex Trend Analysis Report.