Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
British Pound/Swaziland Lilangeni (FOREX:GBPSZL)
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 GBPSZL
The long term trend has been UP since Oct 17th, 2019 at 18.6460
The intermediate term trend has been UP since Sep 25th, 2019 at 18.5975
The short term trend has been UP since Oct 17th, 2019 at 18.5275
Smart Scan Analysis for GBPSZL
Based on a pre-defined weighted trend formula for chart analysis, GBPSZL scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).