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Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

British Pound/ (FOREX:GBPYER)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_GBPYER
Open High Low GBPYER Price Change
331.895 332.050 331.810 331.940 +0.045
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term up The long term trend has been UP since Feb 26th, 2019 at 330.900

intermediate term up The intermediate term trend has been UP since Feb 25th, 2019 at 328.090

short term down The short term trend has been DOWN since Mar 18th, 2019 at 330.675

Smart Scan Analysis for GBPYER

Based on a pre-defined weighted trend formula for chart analysis, GBPYER scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
331.895 332.050 331.810 331.940 +0.045
Prev. Close Volume Bid Ask Time
331.895 331.210 332.670 2019-03-20 01:16:04
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