Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Egyptian Pound/Euro (FOREX:EGPEUR)
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 EGPEUR
The long term trend has been UP since May 2nd, 2018 at 0.046955
The intermediate term trend has been DOWN since Aug 27th, 2018 at 0.048058
The short term trend has been DOWN since Sep 20th, 2018 at 0.047651
Smart Scan Analysis for EGPEUR
Based on a pre-defined weighted trend formula for chart analysis, EGPEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).