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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

British Pound/US Dollar (FOREX:GBPUSD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_GBPUSD
Open High Low GBPUSD Price Change
1.279005 1.287570 1.278235 1.284075 +0.005070
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.371760

intermediate term down The intermediate term trend has been DOWN since Oct 24th, 2018 at 1.292425

short term down The short term trend has been DOWN since Nov 15th, 2018 at 1.283110

Smart Scan Analysis for GBPUSD

Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.279005 1.287570 1.278235 1.284075 +0.005070
Prev. Close Volume Bid Ask Time
1.279005 1.284030 1.284120 2018-11-16 12:47:38
Want to analyze British Pound/US Dollar GBPUSD or another symbol? Try our Free Forex Trend Analysis Report.