Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Egyptian Pound/Norwegian Krone (FOREX:EGPNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since May 1st, 2018 at 0.45470
The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.44750
The short term trend has been DOWN since Jun 21st, 2018 at 0.45505
Smart Scan Analysis for EGPNOK
Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).