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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

British Pound/ (FOREX:GBPMGA)

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_GBPMGA
Open High Low GBPMGA Price Change
4579.35 4579.35 4579.35 4579.35 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 4560.2

intermediate term up The intermediate term trend has been UP since Aug 30th, 2018 at 4284.3

short term up The short term trend has been UP since Oct 3rd, 2018 at 4512.0

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
4579.35 4579.35 4579.35 4579.35 0.00
Prev. Close Volume Bid Ask Time
4579.35 4522.60 4636.10 2018-10-21 20:21:11
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