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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

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
15.820233 15.870000 15.740000 15.785300 -0.034933
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long term trend has been DOWN since Jan 28th, 2019 at 17.726500

intermediate term down The intermediate term trend has been DOWN since Dec 16th, 2019 at 16.081742

short term down The short term trend has been DOWN since Jan 20th, 2020 at 15.814600

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
15.820233 15.870000 15.740000 15.785300 -0.034933
Prev. Close Volume Bid Ask Time
15.820233 15.755300 15.815300 2020-01-20 12:15:35
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