Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
/British Pound (FOREX:SDGGBP)
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 SDGGBP
The long term trend has been UP since Apr 28th, 2019 at 0.016709
The intermediate term trend has been DOWN since Sep 5th, 2019 at 0.018118
The short term trend has been DOWN since Aug 22nd, 2019 at 0.018238
Smart Scan Analysis for SDGGBP
Based on a pre-defined weighted trend formula for chart analysis, SDGGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).