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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

/British Pound (FOREX:LRDGBP)

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_LRDGBP
Open High Low LRDGBP Price Change
0.00389931 0.00389931 0.00389931 0.00389931 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LRDGBP

long term up The long term trend has been UP since Dec 17th, 2019 at 0.00404298

intermediate term down The intermediate term trend has been DOWN since Jan 16th, 2020 at 0.00402065

short term down The short term trend has been DOWN since Jan 16th, 2020 at 0.00403327

Smart Scan Analysis for LRDGBP

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

-70
Smart Scan Analysis for LRDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00389931 0.00389931 0.00389931 0.00389931 0.00000000
Prev. Close Volume Bid Ask Time
0.00389931 0.00385075 0.00394787 2020-01-22 07:15:15
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