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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Euro/British Penny Sterling (FOREX:EURGBX)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low EURGBX Price Change
91.420 91.640 91.410 91.595 +0.175
Entry Signal

MarketClub’s Trade Triangles for EURGBX

long term up The long term trend has been UP since May 24th, 2019 at 88.405

intermediate term up The intermediate term trend has been UP since Jul 29th, 2019 at 90.515

short term down The short term trend has been DOWN since Aug 15th, 2019 at 92.290

Smart Scan Analysis for EURGBX

Based on a pre-defined weighted trend formula for chart analysis, EURGBX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURGBX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
91.420 91.640 91.410 91.595 +0.175
Prev. Close Volume Bid Ask Time
91.42 91.580 91.610 2019-08-19 08:49:31
Want to analyze Euro/British Penny Sterling EURGBX or another symbol? Try our Free Forex Trend Analysis Report.