Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
British Pound/ (FOREX:GBPSRD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 GBPSRD
The long term trend has been DOWN since May 17th, 2019 at 9.5775
The intermediate term trend has been UP since Sep 10th, 2019 at 9.0965
The short term trend has been UP since Sep 10th, 2019 at 9.0965
Smart Scan Analysis for GBPSRD
Based on a pre-defined weighted trend formula for chart analysis, GBPSRD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).