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.
MarketClub’s Trade Triangles for USDEGP
The long term trend has been UP since Dec 6th, 2017 at 17.7877
The intermediate term trend has been DOWN since Sep 30th, 2018 at 17.8125
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).