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Forex Trend Analysis Report

Prepared for you on Sunday, December 9, 2018.

Euro/British Pound (FOREX:EURGBP)

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_EURGBP
Open High Low EURGBP Price Change
0.89415 0.89744 0.89415 0.89695 +0.00280
Entry Signal

MarketClub’s Trade Triangles for EURGBP

long term down The long term trend has been DOWN since Oct 5th, 2018 at 0.880025

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2018 at 0.892240

short term up The short term trend has been UP since Nov 29th, 2018 at 0.888455

Smart Scan Analysis for EURGBP

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

+70
Smart Scan Analysis for EURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.89415 0.89744 0.89415 0.89695 +0.00280
Prev. Close Volume Bid Ask Time
0.89415 0.89680 0.89710 2018-12-09 23:34:33
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