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.
MarketClub’s Trade Triangles for EGPJPY
The long term trend has been UP since Jul 4th, 2017 at 6.34130
The intermediate term trend has been DOWN since Nov 15th, 2017 at 6.39475
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).