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Forex Trend Analysis Report

Prepared for you on Sunday, December 9, 2018.

/British Pound (FOREX:VESGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_VESGBP
Open High Low VESGBP Price Change
0.004159 0.004159 0.004159 0.004159 0.000000
Entry Signal

MarketClub’s Trade Triangles for VESGBP

long term down The long term trend has been DOWN since Sep 25th, 2018 at 0.012377

intermediate term down The intermediate term trend has been DOWN since Nov 1st, 2018 at 0.012065

short term up The short term trend has been UP since Nov 14th, 2018 at 0.011815

Smart Scan Analysis for VESGBP

Based on a pre-defined weighted trend formula for chart analysis, VESGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for VESGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004159 0.004159 0.004159 0.004159 0.000000
Prev. Close Volume Bid Ask Time
0.004159 0.004159 0.004159 2018-12-06 17:44:22
Want to analyze /British Pound VESGBP or another symbol? Try our Free Forex Trend Analysis Report.