Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Euro/Egyptian Pound (FOREX:EUREGP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EUREGP
The long term trend has been UP since Dec 29th, 2017 at 21.288
The intermediate term trend has been DOWN since Feb 28th, 2018 at 21.561
The short term trend has been UP since Mar 22nd, 2018 at 21.801
Smart Scan Analysis for EUREGP
Based on a pre-defined weighted trend formula for chart analysis, EUREGP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).