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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

British Pound/Bangladeshi Taka (FOREX:GBPBDT)

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.

FOREX_GBPBDT
Open High Low GBPBDT Price Change
110.89881 110.89881 110.89881 110.89881 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBDT

long term up The long term trend has been UP since Oct 17th, 2019 at 106.53000

intermediate term up The intermediate term trend has been UP since Nov 19th, 2019 at 109.61647

short term up The short term trend has been UP since Jan 6th, 2020 at 111.78203

Smart Scan Analysis for GBPBDT

Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
110.89881 110.89881 110.89881 110.89881 0.00000
Prev. Close Volume Bid Ask Time
110.89881 108.77704 113.02057 2020-01-12 13:08:55
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