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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

Euro/Egyptian Pound (FOREX:EUREGP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low EUREGP Price Change
20.733 20.775 20.733 20.748 +0.015
Entry Signal

MarketClub’s Trade Triangles for EUREGP

long term down The long term trend has been DOWN since May 2nd, 2018 at 21.298

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 20.655

short term up The short term trend has been UP since Oct 10th, 2018 at 20.615

Smart Scan Analysis for EUREGP

Based on a pre-defined weighted trend formula for chart analysis, EUREGP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EUREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.733 20.775 20.733 20.748 +0.015
Prev. Close Volume Bid Ask Time
20.733 20.723 20.773 2018-10-16 08:46:57
Want to analyze Euro/Egyptian Pound EUREGP or another symbol? Try our Free Forex Trend Analysis Report.