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Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

British Pound/Japanese Yen (FOREX:GBPJPY)

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.

FOREX_GBPJPY
Open High Low GBPJPY Price Change
141.9015 142.0645 141.3015 141.6115 -0.2900
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term down The long term trend has been DOWN since Dec 10th, 2018 at 142.6335

intermediate term up The intermediate term trend has been UP since Jan 17th, 2019 at 140.9650

short term up The short term trend has been UP since Jan 11th, 2019 at 139.3650

Smart Scan Analysis for GBPJPY

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

+70
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
141.9015 142.0645 141.3015 141.6115 -0.2900
Prev. Close Volume Bid Ask Time
141.9015 141.5990 141.6240 2019-01-18 12:48:55
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