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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Euro/Egyptian Pound (FOREX:EUREGP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_EUREGP
Open High Low EUREGP Price Change
17.500 17.560 17.468 17.518 +0.018
Entry Signal

MarketClub’s Trade Triangles for EUREGP

long term down The long term trend has been DOWN since May 2nd, 2018 at 21.298

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 17.721

short term down The short term trend has been DOWN since Jan 8th, 2020 at 17.850

Smart Scan Analysis for EUREGP

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

-100
Smart Scan Analysis for EUREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.500 17.560 17.468 17.518 +0.018
Prev. Close Volume Bid Ask Time
17.500 17.493 17.543 2020-01-22 09:19:40
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