Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
/British Pound (FOREX:RSDGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 RSDGBP
The long term trend has been DOWN since Jan 24th, 2019 at 0.007316
The intermediate term trend has been UP since Mar 21st, 2019 at 0.007374
The short term trend has been DOWN since Mar 22nd, 2019 at 0.007237
Smart Scan Analysis for RSDGBP
Based on a pre-defined weighted trend formula for chart analysis, RSDGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).