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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_GBPHKD
Open High Low GBPHKD Price Change
10.05804 10.18939 10.00400 10.10137 +0.04333
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term up The long term trend has been UP since Oct 11th, 2019 at 9.9210

intermediate term up The intermediate term trend has been UP since Oct 11th, 2019 at 9.8554

short term up The short term trend has been UP since Oct 11th, 2019 at 9.6644

Smart Scan Analysis for GBPHKD

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

+90
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.05804 10.18939 10.00400 10.10137 +0.04333
Prev. Close Volume Bid Ask Time
10.05804 10.10042 10.10232 2019-10-17 18:55:06
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