Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/British Pound (FOREX:USDGBP)
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 USDGBP
The long term trend has been UP since May 17th, 2019 at 0.782535
The intermediate term trend has been UP since Jul 5th, 2019 at 0.799500
The short term trend has been DOWN since Aug 15th, 2019 at 0.826000
Smart Scan Analysis for USDGBP
Based on a pre-defined weighted trend formula for chart analysis, USDGBP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).