Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Egyptian Pound/Danish Krone (FOREX:EGPDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EGPDKK
The long term trend has been UP since May 2nd, 2018 at 0.35015
The intermediate term trend has been UP since Jan 24th, 2019 at 0.36765
The short term trend has been DOWN since Feb 19th, 2019 at 0.37410
Smart Scan Analysis for EGPDKK
Based on a pre-defined weighted trend formula for chart analysis, EGPDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).