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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

British Pound/Argentine Peso (FOREX:GBPARS)

Smart Scan Chart Analysis indicates that the downward 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_GBPARS
Open High Low GBPARS Price Change
78.07374 78.49999 77.96355 78.39320 +0.31946
Entry Signal

MarketClub’s Trade Triangles for GBPARS

long term up The long term trend has been UP since Aug 12th, 2019 at 59.48250

intermediate term down The intermediate term trend has been DOWN since Dec 25th, 2019 at 76.96622

short term down The short term trend has been DOWN since Jan 20th, 2020 at 77.91448

Smart Scan Analysis for GBPARS

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

-50
Smart Scan Analysis for GBPARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
78.07374 78.49999 77.96355 78.39320 +0.31946
Prev. Close Volume Bid Ask Time
78.07374 78.38930 78.39711 2020-01-21 22:43:17
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