Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
US Dollar/British Pound (FOREX:USDGBP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDGBP
The long term trend has been UP since May 17th, 2019 at 0.782535
The intermediate term trend has been UP since May 15th, 2019 at 0.777105
The short term trend has been UP since May 22nd, 2019 at 0.788300
Smart Scan Analysis for USDGBP
Based on a pre-defined weighted trend formula for chart analysis, USDGBP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).