Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
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 EGPJPY
The long term trend has been UP since May 2nd, 2018 at 6.22405
The intermediate term trend has been UP since Nov 5th, 2018 at 6.35215
The short term trend has been UP since Dec 11th, 2018 at 6.32990
Smart Scan Analysis for EGPJPY
Based on a pre-defined weighted trend formula for chart analysis, EGPJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).