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Forex Trend Analysis Report

Prepared for you on Tuesday, March 26, 2019.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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_USDEGP
Open High Low USDEGP Price Change
17.300 17.336 17.254 17.305 +0.005
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 Jan 27th, 2019 at 17.8275

short term up The short term trend has been UP since Mar 25th, 2019 at 17.3100

Smart Scan Analysis for USDEGP

Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.300 17.336 17.254 17.305 +0.005
Prev. Close Volume Bid Ask Time
17.3 17.275 17.335 2019-03-26 22:18:45
Want to analyze US Dollar/Egyptian Pound USDEGP or another symbol? Try our Free Forex Trend Analysis Report.