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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

/British Pound (FOREX:BYNGBP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.358785 0.358785 0.358785 0.358785 0.000000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term down The long term trend has been DOWN since Sep 5th, 2018 at 0.368780

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2018 at 0.380390

short term down The short term trend has been DOWN since Aug 21st, 2018 at 0.381185

Smart Scan Analysis for BYNGBP

Based on a pre-defined weighted trend formula for chart analysis, BYNGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.358785 0.358785 0.358785 0.358785 0.000000
Prev. Close Volume Bid Ask Time
0.358785 0.358060 0.359510 2018-09-18 21:15:33
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