Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Egyptian Pound/Danish Krone (FOREX:EGPDKK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 EGPDKK
The long term trend has been UP since May 2nd, 2018 at 0.35015
The intermediate term trend has been UP since Jul 3rd, 2019 at 0.39880
The short term trend has been UP since Aug 14th, 2019 at 0.40300
Smart Scan Analysis for EGPDKK
Based on a pre-defined weighted trend formula for chart analysis, EGPDKK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).