Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Egyptian Pound/Danish Krone (FOREX:EGPDKK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.
MarketClub’s Trade Triangles for EGPDKK
The long term trend has been DOWN since Dec 29th, 2017 at 0.34920
The intermediate term trend has been UP since Feb 28th, 2018 at 0.34515
The short term trend has been DOWN since Mar 22nd, 2018 at 0.34195
Smart Scan Analysis for EGPDKK
Based on a pre-defined weighted trend formula for chart analysis, EGPDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).