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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

US Dollar/British Pound (FOREX:USDGBP)

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_USDGBP
Open High Low USDGBP Price Change
0.769145 0.771445 0.768700 0.769335 +0.000190
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term down The long term trend has been DOWN since Oct 15th, 2019 at 0.787300

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2019 at 0.794800

short term up The short term trend has been UP since Jan 20th, 2020 at 0.769855

Smart Scan Analysis for USDGBP

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

-65
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.769145 0.771445 0.768700 0.769335 +0.000190
Prev. Close Volume Bid Ask Time
0.769145 0.769310 0.769360 2020-01-20 13:07:01
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