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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Swiss Franc/British Pound (FOREX:CHFGBP)

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.

FOREX_CHFGBP
Open High Low CHFGBP Price Change
0.750350 0.755865 0.750320 0.755100 +0.004750
Entry Signal

MarketClub’s Trade Triangles for CHFGBP

long term down The long term trend has been DOWN since Apr 3rd, 2018 at 0.741185

intermediate term up The intermediate term trend has been UP since May 16th, 2018 at 0.741295

short term up The short term trend has been UP since May 15th, 2018 at 0.738780

Smart Scan Analysis for CHFGBP

Based on a pre-defined weighted trend formula for chart analysis, CHFGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for CHFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.750350 0.755865 0.750320 0.755100 +0.004750
Prev. Close Volume Bid Ask Time
0.750350 0.755010 0.755190 2018-05-23 06:52:19
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