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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
17.9100 17.9245 17.9010 17.9180 +0.0080
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 up The intermediate term trend has been UP since Aug 14th, 2018 at 17.9400

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

Smart Scan Analysis for USDEGP

Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.9100 17.9245 17.9010 17.9180 +0.0080
Prev. Close Volume Bid Ask Time
17.9100 17.8880 17.9480 2018-08-20 06:27:11
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