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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

British Pound/Egyptian Pound (FOREX:GBPEGP)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
22.863 22.927 22.766 22.907 +0.044
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 Feb 5th, 2019 at 22.7480

short term up The short term trend has been UP since Feb 18th, 2019 at 22.6815

Smart Scan Analysis for GBPEGP

Based on a pre-defined weighted trend formula for chart analysis, GBPEGP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.863 22.927 22.766 22.907 +0.044
Prev. Close Volume Bid Ask Time
22.863 22.878 22.936 2019-02-22 13:33:30
Want to analyze British Pound/Egyptian Pound GBPEGP or another symbol? Try our Free Forex Trend Analysis Report.