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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

British Pound/Bangladeshi Taka (FOREX:GBPBDT)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_GBPBDT
Open High Low GBPBDT Price Change
111.36413 111.72092 111.36413 111.72092 +0.35679
Entry Signal

MarketClub’s Trade Triangles for GBPBDT

long term up The long term trend has been UP since Oct 17th, 2019 at 106.53000

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 110.55011

short term up The short term trend has been UP since Jan 21st, 2020 at 110.91688

Smart Scan Analysis for GBPBDT

Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
111.36413 111.72092 111.36413 111.72092 +0.35679
Prev. Close Volume Bid Ask Time
111.36413 109.58505 113.85678 2020-01-23 21:00:18
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