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Forex Trend Analysis Report

Prepared for you on Wednesday, November 13, 2019.

British Pound/Bangladeshi Taka (FOREX:GBPBDT)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
108.79436 108.79436 108.79436 108.79436 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 down The intermediate term trend has been DOWN since Nov 10th, 2019 at 108.66013

short term down The short term trend has been DOWN since Nov 10th, 2019 at 108.66013

Smart Scan Analysis for GBPBDT

Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
108.79436 108.79436 108.79436 108.79436 0.00000
Prev. Close Volume Bid Ask Time
108.79436 106.69535 110.89336 2019-11-13 07:15:47
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