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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

East Caribbean Dollar/British Pound (FOREX:XCDGBP)

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_XCDGBP
Open High Low XCDGBP Price Change
0.28433208 0.28468916 0.28303327 0.28319609 -0.00113600
Entry Signal

MarketClub’s Trade Triangles for XCDGBP

long term down The long term trend has been DOWN since Oct 15th, 2019 at 0.29132500

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.29606000

short term up The short term trend has been UP since Jan 20th, 2020 at 0.28485862

Smart Scan Analysis for XCDGBP

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

-65
Smart Scan Analysis for XCDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28433208 0.28468916 0.28303327 0.28319609 -0.00113600
Prev. Close Volume Bid Ask Time
0.28433208 0.28169237 0.28469980 2020-01-21 09:21:03
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