Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Special Drawing Right/British Pound (FOREX:SDRGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SDRGBP
The long term trend has been UP since May 22nd, 2019 at 1.0809
The intermediate term trend has been UP since May 15th, 2019 at 1.0700
The short term trend has been DOWN since Jul 19th, 2019 at 1.1023
Smart Scan Analysis for SDRGBP
Based on a pre-defined weighted trend formula for chart analysis, SDRGBP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).