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.
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 Jan 2nd, 2018 at 17.7355
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).