Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
Egyptian Pound/Norwegian Krone (FOREX:EGPNOK)
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 EGPNOK
The long term trend has been DOWN since Jul 13th, 2017 at 0.45955
The intermediate term trend has been UP since Sep 13th, 2017 at 0.44690
The short term trend has been DOWN since Sep 15th, 2017 at 0.44360
Smart Scan Analysis for EGPNOK
Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).