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Forex Trend Analysis Report

Prepared for you on Thursday, July 20, 2017.

Egyptian Pound/Japanese Yen (FOREX:EGPJPY)

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.

FOREX_EGPJPY
Open High Low EGPJPY Price Change
6.24205 6.28565 6.24125 6.26445 +0.02240
Entry Signal

MarketClub’s Trade Triangles for EGPJPY

long term up The long term trend has been UP since Jul 4th, 2017 at 6.3413

intermediate term up The intermediate term trend has been UP since Jun 20th, 2017 at 6.2013

short term down The short term trend has been DOWN since Jul 12th, 2017 at 6.3515

Smart Scan Analysis for EGPJPY

Based on a pre-defined weighted trend formula for chart analysis, EGPJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.24205 6.28565 6.24125 6.26445 +0.02240
Prev. Close Volume Bid Ask Time
6.24205 6.25690 6.27200 2017-07-20 16:45:09
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