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Forex Trend Analysis Report

Prepared for you on Sunday, October 21, 2018.

British Pound/Macedonian Denar (FOREX:GBPMKD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_GBPMKD
Open High Low GBPMKD Price Change
69.7185 70.0015 69.7185 70.0015 +0.2830
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long term trend has been UP since Oct 5th, 2018 at 70.0415

intermediate term up The intermediate term trend has been UP since Sep 9th, 2018 at 68.8290

short term down The short term trend has been DOWN since Oct 12th, 2018 at 70.1510

Smart Scan Analysis for GBPMKD

Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.7185 70.0015 69.7185 70.0015 +0.2830
Prev. Close Volume Bid Ask Time
69.7185 69.4910 70.5120 2018-10-19 17:08:58
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