Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
British Pound/ (FOREX:GBPRSD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Sep 20th, 2019 at 133.57000
The intermediate term trend has been UP since Oct 14th, 2019 at 133.77500
The short term trend has been UP since Nov 11th, 2019 at 136.57496
Smart Scan Analysis for GBPRSD
Based on a pre-defined weighted trend formula for chart analysis, GBPRSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).