Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for USDEGP
The long term trend has been UP since Jan 14th, 2019 at 17.9920
The intermediate term trend has been UP since Jan 14th, 2019 at 17.9920
The short term trend has been DOWN since Jan 16th, 2019 at 17.8354
Smart Scan Analysis for USDEGP
Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).