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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

British Pound/Euro (FOREX:GBPEUR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_GBPEUR
Open High Low GBPEUR Price Change
1.127300 1.131355 1.125000 1.128765 +0.001465
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 up The intermediate term trend has been UP since Aug 27th, 2019 at 1.10675

short term up The short term trend has been UP since Sep 4th, 2019 at 1.10790

Smart Scan Analysis for GBPEUR

Based on a pre-defined weighted trend formula for chart analysis, GBPEUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.127300 1.131355 1.125000 1.128765 +0.001465
Prev. Close Volume Bid Ask Time
1.127300 1.128660 1.128870 2019-09-17 23:34:34
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