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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2019.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_GBPMVR
Open High Low GBPMVR Price Change
19.602 19.602 19.602 19.602 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long term trend has been DOWN since May 16th, 2019 at 19.9190

intermediate term up The intermediate term trend has been UP since Jun 12th, 2019 at 19.6410

short term down The short term trend has been DOWN since Jun 13th, 2019 at 19.6295

Smart Scan Analysis for GBPMVR

Based on a pre-defined weighted trend formula for chart analysis, GBPMVR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.602 19.602 19.602 19.602 0.000
Prev. Close Volume Bid Ask Time
19.602 19.158 20.046 2019-06-13 15:48:10
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