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Forex Trend Analysis Report

Prepared for you on Thursday, October 19, 2017.

British Pound/Euro (FOREX:GBPEUR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_GBPEUR
Open High Low GBPEUR Price Change
1.119235 1.120200 1.112565 1.113865 -0.005370
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long term trend has been DOWN since Jun 8th, 2017 at 1.137900

intermediate term down The intermediate term trend has been DOWN since Oct 12th, 2017 at 1.112115

short term down The short term trend has been DOWN since Oct 17th, 2017 at 1.120200

Smart Scan Analysis for GBPEUR

Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.119235 1.120200 1.112565 1.113865 -0.005370
Prev. Close Volume Bid Ask Time
1.119235 1.113780 1.113950 2017-10-19 10:18:18
Want to analyze British Pound/Euro GBPEUR or another symbol? Try our Free Forex Trend Analysis Report.