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Index Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

SPOT GBPUSD (INDEX) (NASDAQ:GBP)

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.

NASDAQ_GBP
Open High Low GBP Price Change
121.49 122.73 121.44 122.53 +1.29
Entry Signal

MarketClub’s Trade Triangles for GBP

long term down The long term trend has been DOWN since May 16th, 2019 at 127.73

intermediate term down The intermediate term trend has been DOWN since May 15th, 2019 at 128.67

short term up The short term trend has been UP since Aug 22nd, 2019 at 121.80

Smart Scan Analysis for GBP

Based on a pre-defined weighted trend formula for chart analysis, GBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
121.49 122.73 121.44 122.53 +1.29
Prev. Close Volume Bid Ask Time
127.14 0 2019-08-22 17:15:23
52wk High143.4552wk High Date2018-01-25
52wk Low126.6252wk Low Date2018-08-15
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