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.
MarketClub’s Trade Triangles for USDEGP
The long term trend has been DOWN since Jan 28th, 2019 at 17.726500
The intermediate term trend has been DOWN since Dec 16th, 2019 at 16.081742
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).