Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
/British Pound (FOREX:KMFGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 KMFGBP
The long term trend has been UP since Dec 10th, 2018 at 0.001814
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.001824
The short term trend has been UP since Feb 1st, 2019 at 0.001777
Smart Scan Analysis for KMFGBP
Based on a pre-defined weighted trend formula for chart analysis, KMFGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).