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.
MarketClub’s Trade Triangles for USDEGP
The long term trend has been DOWN since Jan 28th, 2019 at 17.7265
The intermediate term trend has been DOWN since Sep 6th, 2019 at 16.3890
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).