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Forex Trend Analysis Report

Prepared for you on Thursday, July 20, 2017.

Egyptian Pound/Norwegian Krone (FOREX:EGPNOK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.

FOREX_EGPNOK
Open High Low EGPNOK Price Change
0.45010 0.45330 0.44790 0.44875 -0.00135
Entry Signal

MarketClub’s Trade Triangles for EGPNOK

long term down The long term trend has been DOWN since Jul 13th, 2017 at 0.45955

intermediate term down The intermediate term trend has been DOWN since Jun 27th, 2017 at 0.46525

short term down The short term trend has been DOWN since Jul 10th, 2017 at 0.46675

Smart Scan Analysis for EGPNOK

Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for EGPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45010 0.45330 0.44790 0.44875 -0.00135
Prev. Close Volume Bid Ask Time
0.45010 0.44730 0.45020 2017-07-20 14:29:42
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