Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
US Dollar/Egyptian Pound (FOREX:USDEGP)
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.
MarketClub’s Trade Triangles for USDEGP
The long term trend has been DOWN since Jan 28th, 2019 at 17.7265
The intermediate term trend has been DOWN since Jan 27th, 2019 at 17.8275
The short term trend has been UP since Aug 14th, 2019 at 16.5950
Smart Scan Analysis for USDEGP
Based on a pre-defined weighted trend formula for chart analysis, USDEGP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).