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Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

British Pound/Turkish Lira (FOREX:GBPTRY)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_GBPTRY
Open High Low GBPTRY Price Change
7.486864 7.520224 7.463950 7.514895 +0.028031
Entry Signal

MarketClub’s Trade Triangles for GBPTRY

long term down The long term trend has been DOWN since Jul 1st, 2019 at 7.14195

intermediate term up The intermediate term trend has been UP since Oct 10th, 2019 at 7.19865

short term down The short term trend has been DOWN since Oct 21st, 2019 at 7.46900

Smart Scan Analysis for GBPTRY

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

+55
Smart Scan Analysis for GBPTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.486864 7.520224 7.463950 7.514895 +0.028031
Prev. Close Volume Bid Ask Time
7.486864 7.512260 7.517530 2019-10-21 03:47:40
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