Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
British Pound/ (FOREX:GBPSLL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 GBPSLL
The long term trend has been UP since Aug 23rd, 2019 at 11736.65
The intermediate term trend has been UP since Sep 13th, 2019 at 11787.45
The short term trend has been UP since Oct 10th, 2019 at 11677.45
Smart Scan Analysis for GBPSLL
Based on a pre-defined weighted trend formula for chart analysis, GBPSLL scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).