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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

Special Drawing Right/British Pound (FOREX:SDRGBP)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_SDRGBP
Open High Low SDRGBP Price Change
1.0703 1.0703 1.0703 1.0703 0.0000
Entry Signal

MarketClub’s Trade Triangles for SDRGBP

long term up The long term trend has been UP since Dec 3rd, 2018 at 1.0858

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2019 at 1.0908

short term down The short term trend has been DOWN since Feb 18th, 2019 at 1.0763

Smart Scan Analysis for SDRGBP

Based on a pre-defined weighted trend formula for chart analysis, SDRGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0703 1.0703 1.0703 1.0703 0.0000
Prev. Close Volume Bid Ask Time
1.0703 1.0703 1.0703 2019-02-23 07:41:33
Want to analyze Special Drawing Right/British Pound SDRGBP or another symbol? Try our Free Forex Trend Analysis Report.