Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
/British Pound (FOREX:GHSGBP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 Mar 20th, 2019 at 0.143530
The short term trend has been UP since May 8th, 2019 at 0.148920
Smart Scan Analysis for GHSGBP
Based on a pre-defined weighted trend formula for chart analysis, GHSGBP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).