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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_GBPMAD
Open High Low GBPMAD Price Change
12.558967 12.558967 12.558967 12.558967 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long term trend has been UP since Oct 17th, 2019 at 12.177500

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 12.107000

short term down The short term trend has been DOWN since Jan 9th, 2020 at 12.549982

Smart Scan Analysis for GBPMAD

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

+55
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.558967 12.558967 12.558967 12.558967 0.000000
Prev. Close Volume Bid Ask Time
12.558967 12.158189 12.959745 2020-01-12 13:08:55
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