Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
British Pound/US Dollar (FOREX:GBPUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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MarketClub’s Trade Triangles for GBPUSD
The long term trend has been DOWN since May 1st, 2018 at 1.371760
The intermediate term trend has been DOWN since Feb 12th, 2019 at 1.283540
The short term trend has been UP since Feb 18th, 2019 at 1.293315
Smart Scan Analysis for GBPUSD
Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.30624 | 1.30624 | 1.30390 | 1.30390 | -0.00234 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.30615 | 1.30380 | 1.30400 | 2019-02-20 04:05:15 |