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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

US Dollar/British Pound (FOREX:USDGBP)

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_USDGBP
Open High Low USDGBP Price Change
0.822980 0.823045 0.822980 0.822980 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term up The long term trend has been UP since May 17th, 2019 at 0.782535

intermediate term up The intermediate term trend has been UP since Jul 5th, 2019 at 0.799500

short term down The short term trend has been DOWN since Aug 15th, 2019 at 0.826000

Smart Scan Analysis for USDGBP

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

+75
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.822980 0.823045 0.822980 0.822980 0.000000
Prev. Close Volume Bid Ask Time
0.822980 0.822910 0.823050 2019-08-18 13:14:42
Want to analyze US Dollar/British Pound USDGBP or another symbol? Try our Free Forex Trend Analysis Report.