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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

Special Drawing Right/British Pound (FOREX:SDRGBP)

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_SDRGBP
Open High Low SDRGBP Price Change
1.1014 1.1014 1.1014 1.1014 0.0000
Entry Signal

MarketClub’s Trade Triangles for SDRGBP

long term up The long term trend has been UP since May 22nd, 2019 at 1.0809

intermediate term up The intermediate term trend has been UP since May 15th, 2019 at 1.0700

short term down The short term trend has been DOWN since Jul 19th, 2019 at 1.1023

Smart Scan Analysis for SDRGBP

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

+75
Smart Scan Analysis for SDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1014 1.1014 1.1014 1.1014 0.0000
Prev. Close Volume Bid Ask Time
1.1014 1.1014 1.1014 2019-07-19 08:39:17
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