Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
British Pound/ (FOREX:GBPZMW)
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 GBPZMW
The long term trend has been UP since Oct 13th, 2019 at 16.509500
The intermediate term trend has been UP since Aug 18th, 2019 at 15.783500
The short term trend has been DOWN since Dec 10th, 2019 at 18.981946
Smart Scan Analysis for GBPZMW
Based on a pre-defined weighted trend formula for chart analysis, GBPZMW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).