Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
/British Pound (FOREX:GYDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 GYDGBP
The long term trend has been UP since May 13th, 2018 at 0.003505
The intermediate term trend has been UP since Feb 12th, 2019 at 0.003723
The short term trend has been DOWN since Feb 19th, 2019 at 0.003729
Smart Scan Analysis for GYDGBP
Based on a pre-defined weighted trend formula for chart analysis, GYDGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).