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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

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_GBPMAD
Open High Low GBPMAD Price Change
12.4155 12.4375 12.3195 12.3930 -0.0225
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term down The long term trend has been DOWN since May 3rd, 2018 at 12.6760

intermediate term up The intermediate term trend has been UP since Nov 7th, 2018 at 12.4530

short term up The short term trend has been UP since Nov 13th, 2018 at 12.4195

Smart Scan Analysis for GBPMAD

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

+70
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.4155 12.4375 12.3195 12.3930 -0.0225
Prev. Close Volume Bid Ask Time
12.4155 12.0480 12.7380 2018-11-14 19:25:24
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