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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

/British Pound (FOREX:RSDGBP)

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_RSDGBP
Open High Low RSDGBP Price Change
0.007500 0.007515 0.007473 0.007483 -0.000017
Entry Signal

MarketClub’s Trade Triangles for RSDGBP

long term down The long term trend has been DOWN since Oct 4th, 2018 at 0.007450

intermediate term down The intermediate term trend has been DOWN since Nov 5th, 2018 at 0.007396

short term up The short term trend has been UP since Nov 15th, 2018 at 0.007462

Smart Scan Analysis for RSDGBP

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

-65
Smart Scan Analysis for RSDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.007500 0.007515 0.007473 0.007483 -0.000017
Prev. Close Volume Bid Ask Time
0.007500 0.007475 0.007491 2018-11-16 08:34:06
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