Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Egyptian Pound/Norwegian Krone (FOREX:EGPNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since May 1st, 2018 at 0.45470
The intermediate term trend has been UP since Oct 8th, 2018 at 0.46315
The short term trend has been UP since Oct 17th, 2018 at 0.45765
Smart Scan Analysis for EGPNOK
Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).