Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 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 UP since May 1st, 2018 at 0.45470
The intermediate term trend has been UP since Jul 19th, 2018 at 0.46055
The short term trend has been DOWN since Aug 21st, 2018 at 0.46985
Smart Scan Analysis for EGPNOK
Based on a pre-defined weighted trend formula for chart analysis, EGPNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).