Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
British Pound/ (FOREX:GBPSLL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 GBPSLL
The long term trend has been DOWN since Jun 2nd, 2019 at 11468.25
The intermediate term trend has been DOWN since Jul 7th, 2019 at 11419.05
The short term trend has been UP since Jul 11th, 2019 at 11390.00
Smart Scan Analysis for GBPSLL
Based on a pre-defined weighted trend formula for chart analysis, GBPSLL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).