Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Pakistani Rupee/British Pound (FOREX:PKRGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 PKRGBP
The long term trend has been DOWN since Jan 15th, 2019 at 0.005556
The intermediate term trend has been UP since Feb 15th, 2019 at 0.005622
The short term trend has been DOWN since Feb 18th, 2019 at 0.005554
Smart Scan Analysis for PKRGBP
Based on a pre-defined weighted trend formula for chart analysis, PKRGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).