Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
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 EGPJPY
The long term trend has been UP since May 2nd, 2018 at 6.22405
The intermediate term trend has been DOWN since May 23rd, 2018 at 6.13255
The short term trend has been DOWN since May 22nd, 2018 at 6.19375
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).