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Forex Trend Analysis Report

Prepared for you on Tuesday, November 12, 2019.

British Pound/ (FOREX:GBPCDF)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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_GBPCDF
Open High Low GBPCDF Price Change
2129.9318 2129.9318 2129.9318 2129.9318 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPCDF

long term up The long term trend has been UP since Oct 17th, 2019 at 2093.6000

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 2077.7000

short term down The short term trend has been DOWN since Nov 10th, 2019 at 2138.8524

Smart Scan Analysis for GBPCDF

Based on a pre-defined weighted trend formula for chart analysis, GBPCDF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for GBPCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2129.9318 2129.9318 2129.9318 2129.9318 0.0000
Prev. Close Volume Bid Ask Time
2129.9318 2100.9084 2158.9552 2019-11-11 02:18:03
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