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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

British Pound/Swedish Krona (FOREX:GBPSEK)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_GBPSEK
Open High Low GBPSEK Price Change
12.53520 12.58135 12.41430 12.47240 -0.06280
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term up The long term trend has been UP since Sep 16th, 2019 at 12.05115

intermediate term up The intermediate term trend has been UP since Aug 20th, 2019 at 11.78525

short term up The short term trend has been UP since Oct 11th, 2019 at 12.19805

Smart Scan Analysis for GBPSEK

Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.53520 12.58135 12.41430 12.47240 -0.06280
Prev. Close Volume Bid Ask Time
12.53520 12.46740 12.47740 2019-10-17 23:09:28
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