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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2019.

British Pound/Euro (FOREX:GBPEUR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_GBPEUR
Open High Low GBPEUR Price Change
1.12026 1.12120 1.11770 1.11910 -0.00116
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long term trend has been DOWN since May 23rd, 2019 at 1.13121

intermediate term down The intermediate term trend has been DOWN since May 14th, 2019 at 1.15180

short term down The short term trend has been DOWN since Jun 24th, 2019 at 1.11785

Smart Scan Analysis for GBPEUR

Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.12026 1.12120 1.11770 1.11910 -0.00116
Prev. Close Volume Bid Ask Time
1.12026 1.11880 1.11940 2019-06-24 10:04:05
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