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.
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 DOWN since Dec 4th, 2018 at 0.50035
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).