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Forex Trend Analysis Report

Prepared for you on Thursday, April 26, 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
0.44980 0.45190 0.44830 0.45135 +0.00155
Entry Signal

MarketClub’s Trade Triangles for EGPNOK

long term down The long term trend has been DOWN since Jan 15th, 2018 at 0.44570

intermediate term up The intermediate term trend has been UP since Mar 29th, 2018 at 0.44640

short term up The short term trend has been UP since Apr 20th, 2018 at 0.44145

Smart Scan Analysis for EGPNOK

Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored +70 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
0.44980 0.45190 0.44830 0.45135 +0.00155
Prev. Close Volume Bid Ask Time
0.44980 0.45040 0.45230 2018-04-26 14:37:07
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