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Forex Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

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.

Open High Low GBPMAD Price Change
12.3200 12.3985 12.3200 12.3935 +0.0735
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 Dec 31st, 2018 at 12.1280

short term up The short term trend has been UP since Jan 11th, 2019 at 12.1305

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).

Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.3200 12.3985 12.3200 12.3935 +0.0735
Prev. Close Volume Bid Ask Time
12.3200 12.0510 12.7360 2019-01-22 16:21:49
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