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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

British Pound/Burundi Franc (FOREX:GBPBIF)

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_GBPBIF
Open High Low GBPBIF Price Change
2447.8351 2447.8351 2447.8351 2447.8351 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPBIF

long term up The long term trend has been UP since Oct 17th, 2019 at 2331.3500

intermediate term down The intermediate term trend has been DOWN since Jan 19th, 2020 at 2451.3400

short term down The short term trend has been DOWN since Jan 27th, 2020 at 2459.3003

Smart Scan Analysis for GBPBIF

Based on a pre-defined weighted trend formula for chart analysis, GBPBIF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for GBPBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2447.8351 2447.8351 2447.8351 2447.8351 0.0000
Prev. Close Volume Bid Ask Time
2447.8351 2414.7557 2480.9144 2020-01-28 21:00:55
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