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Forex Trend Analysis Report

Prepared for you on Sunday, January 21, 2018.

/British Pound (FOREX:RONGBP)

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_RONGBP
Open High Low RONGBP Price Change
0.189435 0.189845 0.189050 0.189120 -0.000315
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long term trend has been DOWN since Nov 1st, 2017 at 0.190170

intermediate term down The intermediate term trend has been DOWN since Jan 8th, 2018 at 0.189710

short term down The short term trend has been DOWN since Jan 16th, 2018 at 0.190715

Smart Scan Analysis for RONGBP

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

-90
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.189435 0.189845 0.189050 0.189120 -0.000315
Prev. Close Volume Bid Ask Time
0.189560 0.189020 0.189220 2018-01-19 16:32:33
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