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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Egyptian Pound/US Dollar (FOREX:EGPUSD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_EGPUSD
Open High Low EGPUSD Price Change
0.055858 0.055871 0.055706 0.055843 -0.000015
Entry Signal

MarketClub’s Trade Triangles for EGPUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.056335

intermediate term down The intermediate term trend has been DOWN since Aug 28th, 2018 at 0.055748

short term down The short term trend has been DOWN since Oct 15th, 2018 at 0.055696

Smart Scan Analysis for EGPUSD

Based on a pre-defined weighted trend formula for chart analysis, EGPUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EGPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.055858 0.055871 0.055706 0.055843 -0.000015
Prev. Close Volume Bid Ask Time
0.055858 0.055775 0.055911 2018-10-17 16:34:37
Want to analyze Egyptian Pound/US Dollar EGPUSD or another symbol? Try our Free Forex Trend Analysis Report.