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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Euro/ (FOREX:EURGBX)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_EURGBX
Open High Low EURGBX Price Change
88.245 88.350 88.240 88.300 +0.055
Entry Signal

MarketClub’s Trade Triangles for EURGBX

long term down The long term trend has been DOWN since Oct 5th, 2018 at 88.005

intermediate term down The intermediate term trend has been DOWN since Sep 10th, 2018 at 89.180

short term up The short term trend has been UP since Oct 12th, 2018 at 87.910

Smart Scan Analysis for EURGBX

Based on a pre-defined weighted trend formula for chart analysis, EURGBX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for EURGBX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
88.245 88.350 88.240 88.300 +0.055
Prev. Close Volume Bid Ask Time
88.245 88.290 88.310 2018-10-22 09:49:49
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