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.
MarketClub’s Trade Triangles for EGPNOK
The long term trend has been DOWN since Jan 15th, 2018 at 0.44570
The intermediate term trend has been UP since Mar 29th, 2018 at 0.44640
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).