Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Egyptian Pound/Euro (FOREX:EGPEUR)
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 EGPEUR
The long term trend has been UP since May 2nd, 2018 at 0.046955
The intermediate term trend has been UP since Jan 22nd, 2019 at 0.049327
The short term trend has been DOWN since Mar 19th, 2019 at 0.050646
Smart Scan Analysis for EGPEUR
Based on a pre-defined weighted trend formula for chart analysis, EGPEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).