Forex Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
Egyptian Pound/Danish Krone (FOREX:EGPDKK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Nov 6th, 2017 at 0.36405
The intermediate term trend has been DOWN since Nov 15th, 2017 at 0.35660
The short term trend has been DOWN since Dec 14th, 2017 at 0.35330
Smart Scan Analysis for EGPDKK
Based on a pre-defined weighted trend formula for chart analysis, EGPDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).