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Forex Trend Analysis Report

Prepared for you on Sunday, January 20, 2019.

/British Pound (FOREX:RONGBP)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_RONGBP
Open High Low RONGBP Price Change
0.187200 0.188315 0.187200 0.187650 +0.000450
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term up The long term trend has been UP since Dec 10th, 2018 at 0.195055

intermediate term down The intermediate term trend has been DOWN since Dec 31st, 2018 at 0.191790

short term down The short term trend has been DOWN since Jan 11th, 2019 at 0.191980

Smart Scan Analysis for RONGBP

Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.187200 0.188315 0.187200 0.187650 +0.000450
Prev. Close Volume Bid Ask Time
0.187200 0.187550 0.187750 2019-01-20 20:07:42
Want to analyze /British Pound RONGBP or another symbol? Try our Free Forex Trend Analysis Report.