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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

British Pound/Bahamian Dollar (FOREX:GBPBSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_GBPBSD
Open High Low GBPBSD Price Change
1.30915 1.30915 1.30915 1.30915 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.37975

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 1.30025

short term up The short term trend has been UP since Oct 7th, 2018 at 1.30280

Smart Scan Analysis for GBPBSD

Based on a pre-defined weighted trend formula for chart analysis, GBPBSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30915 1.30915 1.30915 1.30915 0.00000
Prev. Close Volume Bid Ask Time
1.30915 1.30120 1.31710 2018-10-18 21:29:56
Want to analyze British Pound/Bahamian Dollar GBPBSD or another symbol? Try our Free Forex Trend Analysis Report.