Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
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.
MarketClub’s Trade Triangles for EGPUSD
The long term trend has been DOWN since May 1st, 2018 at 0.056335
The intermediate term trend has been UP since Jul 22nd, 2018 at 0.056158
The short term trend has been UP since Aug 19th, 2018 at 0.056085
Smart Scan Analysis for EGPUSD
Based on a pre-defined weighted trend formula for chart analysis, EGPUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).