Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
British Pound/ (FOREX:GBPSRD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 GBPSRD
The long term trend has been UP since Oct 22nd, 2019 at 9.3545
The intermediate term trend has been UP since Nov 19th, 2019 at 9.6305
The short term trend has been UP since Jan 1st, 2020 at 9.7420
Smart Scan Analysis for GBPSRD
Based on a pre-defined weighted trend formula for chart analysis, GBPSRD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).