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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_USDEGP
Open High Low USDEGP Price Change
16.292906 16.306724 16.205172 16.270500 -0.022406
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long term trend has been DOWN since Jan 28th, 2019 at 17.7265

intermediate term down The intermediate term trend has been DOWN since Sep 6th, 2019 at 16.3890

short term down The short term trend has been DOWN since Oct 9th, 2019 at 16.2797

Smart Scan Analysis for USDEGP

Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.292906 16.306724 16.205172 16.270500 -0.022406
Prev. Close Volume Bid Ask Time
16.292906 16.220500 16.320500 2019-10-14 18:37:29
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