Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_EGPZAR
Open High Low EGPZAR Price Change
0.9167759 0.9191616 0.9087961 0.9112529 -0.0055230
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term down The long term trend has been DOWN since Dec 20th, 2019 at 0.8831750

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.9012288

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 0.9111678

Smart Scan Analysis for EGPZAR

Based on a pre-defined weighted trend formula for chart analysis, EGPZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9167759 0.9191616 0.9087961 0.9112529 -0.0055230
Prev. Close Volume Bid Ask Time
0.9167759 0.9109837 0.9115220 2020-01-22 09:24:00
Get a free daily report for Egyptian Pound/South African Rand (EGPZAR) - Free Trend Analysis Report.