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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2019.

British Pound/Myanmar Kyat (FOREX:GBPMMK)

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_GBPMMK
Open High Low GBPMMK Price Change
1978.9 1978.9 1978.9 1978.9 0.0
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term down The long term trend has been DOWN since Dec 4th, 2018 at 1972.40

intermediate term down The intermediate term trend has been DOWN since Mar 10th, 2019 at 1971.50

short term down The short term trend has been DOWN since Mar 10th, 2019 at 2002.95

Smart Scan Analysis for GBPMMK

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

-90
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1978.9 1978.9 1978.9 1978.9 0.0
Prev. Close Volume Bid Ask Time
2037.0 1953.4 2004.4 2019-03-12 22:09:26
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