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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2019.

British Pound/Qatari Rial (FOREX:GBPQAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_GBPQAR
Open High Low GBPQAR Price Change
4.55700 4.56775 4.55700 4.56775 +0.01075
Entry Signal

MarketClub’s Trade Triangles for GBPQAR

long term down The long term trend has been DOWN since May 17th, 2019 at 4.66405

intermediate term down The intermediate term trend has been DOWN since May 15th, 2019 at 4.68705

short term down The short term trend has been DOWN since Jun 14th, 2019 at 4.62145

Smart Scan Analysis for GBPQAR

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

-100
Smart Scan Analysis for GBPQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.55700 4.56775 4.55700 4.56775 +0.01075
Prev. Close Volume Bid Ask Time
4.557 4.56650 4.56900 2019-06-18 15:17:17
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