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Forex Trend Analysis Report

Prepared for you on Tuesday, July 17, 2018.

British Pound/Chinese Renminbi Yuan (FOREX:GBPCNY)

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.

Open High Low GBPCNY Price Change
8.83520 8.85925 8.78475 8.79345 -0.04175
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term down The long term trend has been DOWN since May 1st, 2018 at 8.67475

intermediate term up The intermediate term trend has been UP since Jun 21st, 2018 at 8.61060

short term up The short term trend has been UP since Jul 11th, 2018 at 8.85615

Smart Scan Analysis for GBPCNY

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

Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.83520 8.85925 8.78475 8.79345 -0.04175
Prev. Close Volume Bid Ask Time
8.83520 8.78210 8.80480 2018-07-17 22:34:28
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