Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, November 13, 2019.

Euro/Egyptian Pound (FOREX:EUREGP)

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_EUREGP
Open High Low EUREGP Price Change
17.768 17.815 17.681 17.767 -0.001
Entry Signal

MarketClub’s Trade Triangles for EUREGP

long term down The long term trend has been DOWN since May 2nd, 2018 at 21.298

intermediate term down The intermediate term trend has been DOWN since Nov 7th, 2019 at 17.816

short term down The short term trend has been DOWN since Nov 4th, 2019 at 17.936

Smart Scan Analysis for EUREGP

Based on a pre-defined weighted trend formula for chart analysis, EUREGP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EUREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.768 17.815 17.681 17.767 -0.001
Prev. Close Volume Bid Ask Time
17.768 17.742 17.792 2019-11-13 17:12:37
Want to analyze Euro/Egyptian Pound EUREGP or another symbol? Try our Free Forex Trend Analysis Report.