Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Egyptian Pound/Norwegian Krone (FOREX:EGPNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 0.4547
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.4796
The short term trend has been UP since Jan 15th, 2019 at 0.4774
Smart Scan Analysis for EGPNOK
Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).