Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Egyptian Pound/South African Rand (FOREX:EGPZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 EGPZAR
The long term trend has been UP since May 1st, 2018 at 0.70827
The intermediate term trend has been UP since Aug 9th, 2018 at 0.76089
The short term trend has been DOWN since Sep 19th, 2018 at 0.82743
Smart Scan Analysis for EGPZAR
Based on a pre-defined weighted trend formula for chart analysis, EGPZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).