Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Egyptian Pound/Danish Krone (FOREX:EGPDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EGPDKK
The long term trend has been UP since May 2nd, 2018 at 0.35015
The intermediate term trend has been UP since Oct 2nd, 2018 at 0.36130
The short term trend has been DOWN since Nov 15th, 2018 at 0.36725
Smart Scan Analysis for EGPDKK
Based on a pre-defined weighted trend formula for chart analysis, EGPDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).