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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

British Pound/ (FOREX:GBPYER)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_GBPYER
Open High Low GBPYER Price Change
321.315 321.315 321.160 321.235 -0.080
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term down The long term trend has been DOWN since May 1st, 2018 at 343.390

intermediate term down The intermediate term trend has been DOWN since Oct 24th, 2018 at 323.530

short term down The short term trend has been DOWN since Nov 15th, 2018 at 321.215

Smart Scan Analysis for GBPYER

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

-100
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
321.315 321.315 321.160 321.235 -0.080
Prev. Close Volume Bid Ask Time
321.315 320.500 321.970 2018-11-19 00:16:15
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