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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

British Pound/ (FOREX:GBPGEL)

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_GBPGEL
Open High Low GBPGEL Price Change
3.7455615 3.7455615 3.7388759 3.7388759 -0.0066860
Entry Signal

MarketClub’s Trade Triangles for GBPGEL

long term up The long term trend has been UP since Oct 17th, 2019 at 3.7063500

intermediate term down The intermediate term trend has been DOWN since Dec 13th, 2019 at 3.8312444

short term down The short term trend has been DOWN since Jan 13th, 2020 at 3.7554631

Smart Scan Analysis for GBPGEL

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

-70
Smart Scan Analysis for GBPGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7455615 3.7455615 3.7388759 3.7388759 -0.0066860
Prev. Close Volume Bid Ask Time
3.7455615 3.7129115 3.7648403 2020-01-13 10:28:47
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