Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
Egyptian Pound/Swedish Krona (FOREX:EGPSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EGPSEK
The long term trend has been UP since Apr 3rd, 2018 at 0.47555
The intermediate term trend has been UP since Feb 8th, 2018 at 0.45630
The short term trend has been DOWN since Apr 18th, 2018 at 0.47405
Smart Scan Analysis for EGPSEK
Based on a pre-defined weighted trend formula for chart analysis, EGPSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).