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.
MarketClub’s Trade Triangles for EGPJPY
The long term trend has been UP since Jul 4th, 2017 at 6.3413
The intermediate term trend has been UP since Jun 20th, 2017 at 6.2013
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).