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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

British Pound/Bahamian Dollar (FOREX:GBPBSD)

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_GBPBSD
Open High Low GBPBSD Price Change
1.20185 1.20185 1.20185 1.20185 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term down The long term trend has been DOWN since May 22nd, 2019 at 1.28195

intermediate term down The intermediate term trend has been DOWN since Jul 2nd, 2019 at 1.26210

short term down The short term trend has been DOWN since Jul 1st, 2019 at 1.26910

Smart Scan Analysis for GBPBSD

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

-100
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.20185 1.20185 1.20185 1.20185 0.00000
Prev. Close Volume Bid Ask Time
1.20185 1.19430 1.20940 2019-08-11 20:07:53
Want to analyze British Pound/Bahamian Dollar GBPBSD or another symbol? Try our Free Forex Trend Analysis Report.