Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Egyptian Pound/Euro (FOREX:EGPEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Dec 20th, 2018 at 0.048747
The short term trend has been UP since Jan 14th, 2019 at 0.048667
Smart Scan Analysis for EGPEUR
Based on a pre-defined weighted trend formula for chart analysis, EGPEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).