Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Egyptian Pound/Danish Krone (FOREX:EGPDKK)
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.
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 DOWN since Aug 27th, 2018 at 0.35835
The short term trend has been DOWN since Sep 12th, 2018 at 0.35770
Smart Scan Analysis for EGPDKK
Based on a pre-defined weighted trend formula for chart analysis, EGPDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).