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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 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.

FOREX_USDEGP
Open High Low USDEGP Price Change
17.9115 17.9635 17.8300 17.9090 -0.0025
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term up The long term trend has been UP since Dec 4th, 2018 at 17.9850

intermediate term up The intermediate term trend has been UP since Nov 21st, 2018 at 17.9705

short term up The short term trend has been UP since Dec 10th, 2018 at 17.9630

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
17.9115 17.9635 17.8300 17.9090 -0.0025
Prev. Close Volume Bid Ask Time
17.9115 17.8790 17.9390 2018-12-12 18:12:31
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