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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

British Pound/Macedonian Denar (FOREX:GBPMKD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_GBPMKD
Open High Low GBPMKD Price Change
72.32954 72.41599 72.32954 72.41599 +0.08645
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long term trend has been UP since Sep 20th, 2019 at 69.82500

intermediate term down The intermediate term trend has been DOWN since Dec 24th, 2019 at 71.72856

short term down The short term trend has been DOWN since Jan 20th, 2020 at 72.08707

Smart Scan Analysis for GBPMKD

Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.32954 72.41599 72.32954 72.41599 +0.08645
Prev. Close Volume Bid Ask Time
72.32954 71.88611 72.94586 2020-01-21 21:00:30
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