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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2019.

British Pound/ (FOREX:GBPRSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_GBPRSD
Open High Low GBPRSD Price Change
136.235 136.735 136.115 136.545 +0.310
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long term trend has been UP since Jan 24th, 2019 at 136.685

intermediate term down The intermediate term trend has been DOWN since Mar 21st, 2019 at 135.625

short term down The short term trend has been DOWN since Apr 12th, 2019 at 136.270

Smart Scan Analysis for GBPRSD

Based on a pre-defined weighted trend formula for chart analysis, GBPRSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
136.235 136.735 136.115 136.545 +0.310
Prev. Close Volume Bid Ask Time
136.235 136.400 136.690 2019-04-18 18:19:06
Want to analyze British Pound/ GBPRSD or another symbol? Try our Free Forex Trend Analysis Report.