Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_EGPZAR
Open High Low EGPZAR Price Change
0.9071764 0.9148324 0.9068444 0.9112580 +0.0040820
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term up The long term trend has been UP since Mar 7th, 2019 at 0.820185

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.908690

short term down The short term trend has been DOWN since Oct 20th, 2019 at 0.908890

Smart Scan Analysis for EGPZAR

Based on a pre-defined weighted trend formula for chart analysis, EGPZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9071764 0.9148324 0.9068444 0.9112580 +0.0040820
Prev. Close Volume Bid Ask Time
0.9071764 0.9103320 0.9121840 2019-10-21 18:25:43
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