Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Seychelles Rupee/British Pound (FOREX:SCRGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SCRGBP
The long term trend has been UP since May 17th, 2019 at 0.057519
The intermediate term trend has been UP since Jun 17th, 2019 at 0.058608
The short term trend has been DOWN since Jul 18th, 2019 at 0.058307
Smart Scan Analysis for SCRGBP
Based on a pre-defined weighted trend formula for chart analysis, SCRGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).