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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.

FOREX_USDEGP
Open High Low USDEGP Price Change
16.5765 16.6025 16.5670 16.5902 +0.0137
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 Jan 27th, 2019 at 17.8275

short term up 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).

-55
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.5765 16.6025 16.5670 16.5902 +0.0137
Prev. Close Volume Bid Ask Time
16.5765 16.5602 16.6202 2019-08-19 04:37:51
Want to analyze US Dollar/Egyptian Pound USDEGP or another symbol? Try our Free Forex Trend Analysis Report.