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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

/British Pound (FOREX:BYNGBP)

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_BYNGBP
Open High Low BYNGBP Price Change
0.37973358 0.37973358 0.37973358 0.37973358 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term down The long term trend has been DOWN since Oct 17th, 2019 at 0.38607500

intermediate term up The intermediate term trend has been UP since Nov 10th, 2019 at 0.38147722

short term down The short term trend has been DOWN since Nov 12th, 2019 at 0.38039060

Smart Scan Analysis for BYNGBP

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

-65
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37973358 0.37973358 0.37973358 0.37973358 0.00000000
Prev. Close Volume Bid Ask Time
0.37963396 0.37889159 0.38057556 2019-11-14 07:16:10
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