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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

British Pound/Indian Rupee (FOREX:GBPINR)

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_GBPINR
Open High Low GBPINR Price Change
93.44126 93.72305 93.40855 93.53006 +0.08880
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term up The long term trend has been UP since Sep 5th, 2019 at 88.83650

intermediate term down The intermediate term trend has been DOWN since Dec 23rd, 2019 at 92.23873

short term up The short term trend has been UP since Jan 21st, 2020 at 93.19255

Smart Scan Analysis for GBPINR

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

+65
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
93.44126 93.72305 93.40855 93.53006 +0.08880
Prev. Close Volume Bid Ask Time
93.44126 93.52022 93.53989 2020-01-23 09:30:46
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