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Forex Trend Analysis Report

Prepared for you on Thursday, November 23, 2017.

Egyptian Pound/Japanese Yen (FOREX:EGPJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
6.28945 6.29100 6.28945 6.29100 +0.00155
Entry Signal

MarketClub’s Trade Triangles for EGPJPY

long term up The long term trend has been UP since Jul 4th, 2017 at 6.34130

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2017 at 6.39475

short term down The short term trend has been DOWN since Nov 15th, 2017 at 6.41510

Smart Scan Analysis for EGPJPY

Based on a pre-defined weighted trend formula for chart analysis, EGPJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.28945 6.29100 6.28945 6.29100 +0.00155
Prev. Close Volume Bid Ask Time
6.28945 6.28350 6.29850 2017-11-23 00:35:06
Want to analyze Egyptian Pound/Japanese Yen EGPJPY or another symbol? Try our Free Forex Trend Analysis Report.