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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_GBPHKD
Open High Low GBPHKD Price Change
10.117050 10.127000 9.958235 10.072260 -0.044790
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term down The long term trend has been DOWN since May 1st, 2018 at 10.736765

intermediate term up The intermediate term trend has been UP since Dec 31st, 2018 at 10.013900

short term down The short term trend has been DOWN since Jan 15th, 2019 at 9.973170

Smart Scan Analysis for GBPHKD

Based on a pre-defined weighted trend formula for chart analysis, GBPHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.117050 10.127000 9.958235 10.072260 -0.044790
Prev. Close Volume Bid Ask Time
10.117050 10.071470 10.073050 2019-01-15 22:43:52
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