Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Egyptian Pound/Euro (FOREX:EGPEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 EGPEUR
The long term trend has been UP since May 2nd, 2018 at 0.046955
The intermediate term trend has been UP since Oct 2nd, 2018 at 0.048414
The short term trend has been DOWN since Nov 15th, 2018 at 0.049223
Smart Scan Analysis for EGPEUR
Based on a pre-defined weighted trend formula for chart analysis, EGPEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).