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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

Egyptian Pound/Norwegian Krone (FOREX:EGPNOK)

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.

Open High Low EGPNOK Price Change
0.47030 0.47225 0.46855 0.47045 +0.00015
Entry Signal

MarketClub’s Trade Triangles for EGPNOK

long term up The long term trend has been UP since May 1st, 2018 at 0.45470

intermediate term up The intermediate term trend has been UP since Jul 19th, 2018 at 0.46055

short term down The short term trend has been DOWN since Aug 21st, 2018 at 0.46985

Smart Scan Analysis for EGPNOK

Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EGPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47030 0.47225 0.46855 0.47045 +0.00015
Prev. Close Volume Bid Ask Time
0.47030 0.46950 0.47140 2018-08-21 14:28:08
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