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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

British Pound/US Dollar (FOREX:GBPUSD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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_GBPUSD
Open High Low GBPUSD Price Change
1.241350 1.242450 1.239315 1.240400 -0.000950
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long term trend has been DOWN since May 17th, 2019 at 1.277605

intermediate term up The intermediate term trend has been UP since Sep 5th, 2019 at 1.230305

short term up The short term trend has been UP since Sep 4th, 2019 at 1.217400

Smart Scan Analysis for GBPUSD

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

+60
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.241350 1.242450 1.239315 1.240400 -0.000950
Prev. Close Volume Bid Ask Time
1.241350 1.240200 1.240600 2019-09-17 07:06:26
Want to analyze British Pound/US Dollar GBPUSD or another symbol? Try our Free Forex Trend Analysis Report.