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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

British Pound/United Arab Emirates Dirham (FOREX:GBPAED)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_GBPAED
Open High Low GBPAED Price Change
4.45480 4.45480 4.43280 4.44165 -0.01315
Entry Signal

MarketClub’s Trade Triangles for GBPAED

long term down The long term trend has been DOWN since May 17th, 2019 at 4.69380

intermediate term down The intermediate term trend has been DOWN since Jul 5th, 2019 at 4.59625

short term down The short term trend has been DOWN since Aug 20th, 2019 at 4.44190

Smart Scan Analysis for GBPAED

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

-100
Smart Scan Analysis for GBPAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.45480 4.45480 4.43280 4.44165 -0.01315
Prev. Close Volume Bid Ask Time
4.45480 4.44070 4.44260 2019-08-20 10:43:15
Want to analyze British Pound/United Arab Emirates Dirham GBPAED or another symbol? Try our Free Forex Trend Analysis Report.