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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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_GBPMVR
Open High Low GBPMVR Price Change
20.075756 20.075756 20.075756 20.075756 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term up The long term trend has been UP since Oct 16th, 2019 at 19.582000

intermediate term up The intermediate term trend has been UP since Oct 16th, 2019 at 19.046500

short term down The short term trend has been DOWN since Jan 7th, 2020 at 20.332559

Smart Scan Analysis for GBPMVR

Based on a pre-defined weighted trend formula for chart analysis, GBPMVR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.075756 20.075756 20.075756 20.075756 0.000000
Prev. Close Volume Bid Ask Time
20.075756 19.750905 20.400606 2020-01-14 09:41:26
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