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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

British Pound/Singapore Dollar (FOREX:GBPSGD)

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_GBPSGD
Open High Low GBPSGD Price Change
1.687295 1.694400 1.685900 1.691845 +0.004550
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term down The long term trend has been DOWN since May 31st, 2019 at 1.735355

intermediate term down The intermediate term trend has been DOWN since May 16th, 2019 at 1.754390

short term down The short term trend has been DOWN since Jul 15th, 2019 at 1.696400

Smart Scan Analysis for GBPSGD

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

-100
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.687295 1.694400 1.685900 1.691845 +0.004550
Prev. Close Volume Bid Ask Time
1.687295 1.691630 1.692060 2019-07-17 20:28:46
Want to analyze British Pound/Singapore Dollar GBPSGD or another symbol? Try our Free Forex Trend Analysis Report.