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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

US Dollar/Egyptian Pound (FOREX:USDEGP)

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.

Open High Low USDEGP Price Change
17.7125 17.7405 17.6777 17.7180 +0.0055
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 Jan 2nd, 2018 at 17.7355

short term up The short term trend has been UP since Jan 22nd, 2018 at 17.7365

Smart Scan Analysis for USDEGP

Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.7125 17.7405 17.6777 17.7180 +0.0055
Prev. Close Volume Bid Ask Time
17.7125 17.6880 17.7480 2018-01-22 22:55:01
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