Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Egyptian Pound/Euro (FOREX:EGPEUR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EGPEUR
The long term trend has been UP since May 2nd, 2018 at 0.04695500
The intermediate term trend has been UP since Jan 9th, 2020 at 0.05643034
The short term trend has been UP since Jan 8th, 2020 at 0.05602252
Smart Scan Analysis for EGPEUR
Based on a pre-defined weighted trend formula for chart analysis, EGPEUR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).