Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Comorian Franc/British Pound (FOREX:KMFGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KMFGBP
The long term trend has been UP since Jul 26th, 2019 at 0.001824
The intermediate term trend has been DOWN since Aug 27th, 2019 at 0.001867
The short term trend has been DOWN since Aug 27th, 2019 at 0.001867
Smart Scan Analysis for KMFGBP
Based on a pre-defined weighted trend formula for chart analysis, KMFGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).