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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Australian Dollar/British Pound (FOREX:AUDGBP)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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_AUDGBP
Open High Low AUDGBP Price Change
0.529445 0.530410 0.527300 0.528550 -0.000895
Entry Signal

MarketClub’s Trade Triangles for AUDGBP

long term down The long term trend has been DOWN since Sep 19th, 2019 at 0.5430

intermediate term up The intermediate term trend has been UP since Dec 19th, 2019 at 0.5293

short term up The short term trend has been UP since Jan 20th, 2020 at 0.5296

Smart Scan Analysis for AUDGBP

Based on a pre-defined weighted trend formula for chart analysis, AUDGBP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for AUDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.529445 0.530410 0.527300 0.528550 -0.000895
Prev. Close Volume Bid Ask Time
0.529445 0.528500 0.528600 2020-01-20 12:55:49
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