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Forex Trend Analysis Report

Prepared for you on Sunday, December 9, 2018.

Egyptian Pound/Swedish Krona (FOREX:EGPSEK)

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.

Open High Low EGPSEK Price Change
0.50265 0.50460 0.50170 0.50445 +0.00180
Entry Signal

MarketClub’s Trade Triangles for EGPSEK

long term up The long term trend has been UP since Apr 3rd, 2018 at 0.47555

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2018 at 0.50035

short term down The short term trend has been DOWN since Nov 29th, 2018 at 0.50320

Smart Scan Analysis for EGPSEK

Based on a pre-defined weighted trend formula for chart analysis, EGPSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EGPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.50265 0.50460 0.50170 0.50445 +0.00180
Prev. Close Volume Bid Ask Time
0.50265 0.50340 0.50550 2018-12-07 13:01:20
Want to analyze Egyptian Pound/Swedish Krona EGPSEK or another symbol? Try our Free Forex Trend Analysis Report.