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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

British Pound/Egyptian Pound (FOREX:GBPEGP)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_GBPEGP
Open High Low GBPEGP Price Change
20.612536 20.641939 20.496785 20.575480 -0.037056
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term up The long term trend has been UP since Dec 4th, 2019 at 21.109120

intermediate term down The intermediate term trend has been DOWN since Dec 23rd, 2019 at 20.767501

short term down The short term trend has been DOWN since Jan 27th, 2020 at 20.600380

Smart Scan Analysis for GBPEGP

Based on a pre-defined weighted trend formula for chart analysis, GBPEGP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.612536 20.641939 20.496785 20.575480 -0.037056
Prev. Close Volume Bid Ask Time
20.612536 20.545938 20.605022 2020-01-28 17:25:15
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