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Forex Trend Analysis Report

Prepared for you on Thursday, March 21, 2019.

British Pound/Swedish Krona (FOREX:GBPSEK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
12.05965 12.06170 12.04200 12.05370 -0.00595
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term up The long term trend has been UP since Feb 7th, 2019 at 11.96000

intermediate term down The intermediate term trend has been DOWN since Mar 20th, 2019 at 12.15000

short term down The short term trend has been DOWN since Mar 12th, 2019 at 12.20525

Smart Scan Analysis for GBPSEK

Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.05965 12.06170 12.04200 12.05370 -0.00595
Prev. Close Volume Bid Ask Time
12.05965 12.05170 12.05570 2019-03-21 01:24:45
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