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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

British Pound/Bahamian Dollar (FOREX:GBPBSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_GBPBSD
Open High Low GBPBSD Price Change
1.2569 1.2569 1.2569 1.2569 0.0000
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 down The short term trend has been DOWN since Dec 2nd, 2018 at 1.28205

Smart Scan Analysis for GBPBSD

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

-100
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2569 1.2569 1.2569 1.2569 0.0000
Prev. Close Volume Bid Ask Time
1.2569 1.2492 1.2646 2018-12-11 20:59:11
Want to analyze British Pound/Bahamian Dollar GBPBSD or another symbol? Try our Free Forex Trend Analysis Report.