Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Egyptian Pound/Pakistani Rupee (FOREX:EGPPKR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 EGPPKR
The long term trend has been UP since Jan 18th, 2019 at 7.809800
The intermediate term trend has been UP since Dec 17th, 2019 at 9.655279
The short term trend has been UP since Dec 26th, 2019 at 9.647233
Smart Scan Analysis for EGPPKR
Based on a pre-defined weighted trend formula for chart analysis, EGPPKR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).