Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
/US Dollar (FOREX:GIPUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GIPUSD
The long term trend has been DOWN since May 17th, 2019 at 1.28140
The intermediate term trend has been DOWN since Jul 15th, 2019 at 1.25440
The short term trend has been DOWN since Jun 28th, 2019 at 1.26805
Smart Scan Analysis for GIPUSD
Based on a pre-defined weighted trend formula for chart analysis, GIPUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).