Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
/British Pound (FOREX:GHSGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 GHSGBP
The long term trend has been DOWN since Jan 28th, 2019 at 0.154685
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.160555
The short term trend has been UP since Feb 15th, 2019 at 0.147275
Smart Scan Analysis for GHSGBP
Based on a pre-defined weighted trend formula for chart analysis, GHSGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).