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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_USDEGP
Open High Low USDEGP Price Change
17.8915 17.8915 17.8915 17.8915 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term up The long term trend has been UP since Dec 6th, 2017 at 17.7877

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2018 at 17.8125

short term down The short term trend has been DOWN since Oct 16th, 2018 at 17.8280

Smart Scan Analysis for USDEGP

Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.8915 17.8915 17.8915 17.8915 0.0000
Prev. Close Volume Bid Ask Time
17.8915 17.8700 17.9130 2018-10-20 08:39:54
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