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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

US Dollar/Egyptian Pound (FOREX:USDEGP)

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_USDEGP
Open High Low USDEGP Price Change
16.142874 16.142874 16.142874 16.142874 0.000000
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 Sep 6th, 2019 at 16.3890

short term up The short term trend has been UP since Dec 2nd, 2019 at 16.1284

Smart Scan Analysis for USDEGP

Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.142874 16.142874 16.142874 16.142874 0.000000
Prev. Close Volume Bid Ask Time
16.142874 16.120267 16.165480 2019-12-07 14:39:00
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