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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

British Pound/ (FOREX:GBPRON)

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.

Open High Low GBPRON Price Change
5.49120 5.53290 5.48415 5.52705 +0.03585
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term up The long term trend has been UP since Jan 22nd, 2019 at 5.38000

intermediate term up The intermediate term trend has been UP since Dec 31st, 2018 at 5.21405

short term down The short term trend has been DOWN since Mar 18th, 2019 at 5.55080

Smart Scan Analysis for GBPRON

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

Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.49120 5.53290 5.48415 5.52705 +0.03585
Prev. Close Volume Bid Ask Time
5.49120 5.52410 5.53000 2019-03-22 09:58:40
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