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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

British Pound/US Dollar (FOREX:GBPUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_GBPUSD
Open High Low GBPUSD Price Change
1.30530 1.30535 1.30525 1.30525 -0.00005
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.371760

intermediate term down The intermediate term trend has been DOWN since Feb 12th, 2019 at 1.283540

short term up The short term trend has been UP since Feb 18th, 2019 at 1.293315

Smart Scan Analysis for GBPUSD

Based on a pre-defined weighted trend formula for chart analysis, GBPUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30530 1.30535 1.30525 1.30525 -0.00005
Prev. Close Volume Bid Ask Time
1.30530 1.30510 1.30540 2019-02-23 08:14:07
Want to analyze British Pound/US Dollar GBPUSD or another symbol? Try our Free Forex Trend Analysis Report.