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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Salvadoran Colon/British Pound (FOREX:SVCGBP)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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_SVCGBP
Open High Low SVCGBP Price Change
0.08801574 0.08801574 0.08801574 0.08801574 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SVCGBP

long term down The long term trend has been DOWN since Oct 17th, 2019 at 0.09014900

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 0.08762044

short term up The short term trend has been UP since Jan 9th, 2020 at 0.08712515

Smart Scan Analysis for SVCGBP

Based on a pre-defined weighted trend formula for chart analysis, SVCGBP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for SVCGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08801574 0.08801574 0.08801574 0.08801574 0.00000000
Prev. Close Volume Bid Ask Time
0.08801574 0.08583803 0.09019345 2020-01-20 07:19:46
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