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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

British Pound/ (FOREX:GBPRON)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

Open High Low GBPRON Price Change
5.17130 5.19105 5.16530 5.17810 +0.00680
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term down The long term trend has been DOWN since Dec 10th, 2018 at 5.1267

intermediate term down The intermediate term trend has been DOWN since Nov 29th, 2018 at 5.2213

short term up The short term trend has been UP since Dec 12th, 2018 at 5.1879

Smart Scan Analysis for GBPRON

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

Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.17130 5.19105 5.16530 5.17810 +0.00680
Prev. Close Volume Bid Ask Time
5.17130 5.17530 5.18090 2018-12-14 14:04:08
Want to analyze British Pound/ GBPRON or another symbol? Try our Free Forex Trend Analysis Report.