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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

British Pound/Egyptian Pound (FOREX:GBPEGP)

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_GBPEGP
Open High Low GBPEGP Price Change
21.0705 21.1555 21.0240 21.1290 +0.0585
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term down The long term trend has been DOWN since May 2nd, 2018 at 24.1825

intermediate term down The intermediate term trend has been DOWN since Mar 10th, 2019 at 22.5995

short term down The short term trend has been DOWN since Jun 10th, 2019 at 21.2595

Smart Scan Analysis for GBPEGP

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

-90
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.0705 21.1555 21.0240 21.1290 +0.0585
Prev. Close Volume Bid Ask Time
21.0705 21.1010 21.1570 2019-06-19 13:17:51
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