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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

British Pound/ (FOREX:GBPSLL)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_GBPSLL
Open High Low GBPSLL Price Change
11490.0 11490.0 11490.0 11490.0 0.0
Entry Signal

MarketClub’s Trade Triangles for GBPSLL

long term down The long term trend has been DOWN since Jun 2nd, 2019 at 11468.25

intermediate term down The intermediate term trend has been DOWN since Jul 7th, 2019 at 11419.05

short term up The short term trend has been UP since Jul 11th, 2019 at 11390.00

Smart Scan Analysis for GBPSLL

Based on a pre-defined weighted trend formula for chart analysis, GBPSLL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for GBPSLL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11490.0 11490.0 11490.0 11490.0 0.0
Prev. Close Volume Bid Ask Time
11490 11346.1 11633.9 2019-07-17 20:59:53
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