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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

British Pound/ (FOREX:GBPMGA)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_GBPMGA
Open High Low GBPMGA Price Change
4471.35 4471.35 4471.35 4471.35 0.00
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long term trend has been UP since Oct 7th, 2018 at 4560.20

intermediate term down The intermediate term trend has been DOWN since Dec 6th, 2018 at 4633.35

short term down The short term trend has been DOWN since Dec 3rd, 2018 at 4673.00

Smart Scan Analysis for GBPMGA

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

-70
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4471.35 4471.35 4471.35 4471.35 0.00
Prev. Close Volume Bid Ask Time
4471.35 4416.20 4526.50 2018-12-11 20:59:13
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