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Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

British Pound/Chinese Renminbi Yuan (FOREX:GBPCNY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_GBPCNY
Open High Low GBPCNY Price Change
8.87750 8.88015 8.81870 8.83850 -0.03900
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term up The long term trend has been UP since Sep 19th, 2017 at 8.9144

intermediate term down The intermediate term trend has been DOWN since Feb 6th, 2018 at 8.8408

short term down The short term trend has been DOWN since Feb 19th, 2018 at 8.8875

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).

-70
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.87750 8.88015 8.81870 8.83850 -0.03900
Prev. Close Volume Bid Ask Time
8.87750 8.83600 8.84100 2018-02-21 13:34:10
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