Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
/British Pound (FOREX:GHSGBP)
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 GHSGBP
The long term trend has been DOWN since Jan 28th, 2019 at 0.154685
The intermediate term trend has been UP since Jul 2nd, 2019 at 0.147370
The short term trend has been UP since Jul 2nd, 2019 at 0.146200
Smart Scan Analysis for GHSGBP
Based on a pre-defined weighted trend formula for chart analysis, GHSGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).