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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

British Pound/Singapore Dollar (FOREX:GBPSGD)

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_GBPSGD
Open High Low GBPSGD Price Change
1.760310 1.765230 1.753915 1.754435 -0.005875
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term up The long term trend has been UP since Oct 11th, 2019 at 1.730675

intermediate term down The intermediate term trend has been DOWN since Dec 23rd, 2019 at 1.758700

short term up The short term trend has been UP since Jan 17th, 2020 at 1.762090

Smart Scan Analysis for GBPSGD

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

-55
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.760310 1.765230 1.753915 1.754435 -0.005875
Prev. Close Volume Bid Ask Time
1.760310 1.754240 1.754630 2020-01-17 13:51:59
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