Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
British Pound/ (FOREX:GBPSDG)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 GBPSDG
The long term trend has been UP since Oct 17th, 2019 at 57.241500
The intermediate term trend has been DOWN since Nov 10th, 2019 at 57.864954
The short term trend has been UP since Nov 17th, 2019 at 57.953672
Smart Scan Analysis for GBPSDG
Based on a pre-defined weighted trend formula for chart analysis, GBPSDG scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).