Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
/British Pound (FOREX:LRDGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 LRDGBP
The long term trend has been DOWN since Jan 21st, 2019 at 0.004814
The intermediate term trend has been DOWN since Aug 21st, 2019 at 0.004026
The short term trend has been DOWN since Sep 9th, 2019 at 0.003981
Smart Scan Analysis for LRDGBP
Based on a pre-defined weighted trend formula for chart analysis, LRDGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).