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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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_GBPDZD
Open High Low GBPDZD Price Change
156.18220 156.43698 155.77539 155.79733 -0.38487
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term up The long term trend has been UP since Oct 13th, 2019 at 150.65000

intermediate term down The intermediate term trend has been DOWN since Dec 23rd, 2019 at 154.89419

short term up The short term trend has been UP since Jan 17th, 2020 at 156.25569

Smart Scan Analysis for GBPDZD

Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
156.18220 156.43698 155.77539 155.79733 -0.38487
Prev. Close Volume Bid Ask Time
156.18220 155.21050 156.38416 2020-01-17 15:30:50
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