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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

British Pound/ (FOREX:GBPRON)

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_GBPRON
Open High Low GBPRON Price Change
5.19710 5.19740 5.19135 5.19275 -0.00435
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term down The long term trend has been DOWN since Jul 9th, 2018 at 5.2425

intermediate term up The intermediate term trend has been UP since Aug 13th, 2018 at 5.2272

short term down The short term trend has been DOWN since Aug 16th, 2018 at 5.2067

Smart Scan Analysis for GBPRON

Based on a pre-defined weighted trend formula for chart analysis, GBPRON scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.19710 5.19740 5.19135 5.19275 -0.00435
Prev. Close Volume Bid Ask Time
5.19710 5.18990 5.19560 2018-08-20 06:26:05
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