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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

British Pound/Euro (FOREX:GBPEUR)

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_GBPEUR
Open High Low GBPEUR Price Change
1.114000 1.116900 1.113315 1.116870 +0.002870
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long term trend has been DOWN since Jul 9th, 2018 at 1.1253

intermediate term up The intermediate term trend has been UP since Sep 10th, 2018 at 1.1214

short term down The short term trend has been DOWN since Sep 21st, 2018 at 1.1227

Smart Scan Analysis for GBPEUR

Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.114000 1.116900 1.113315 1.116870 +0.002870
Prev. Close Volume Bid Ask Time
1.114000 1.116800 1.116940 2018-09-24 09:06:08
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