Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 EGPJPY
The long term trend has been UP since Mar 1st, 2019 at 6.38040
The intermediate term trend has been UP since Jan 28th, 2019 at 6.14800
The short term trend has been DOWN since Mar 22nd, 2019 at 6.37625
Smart Scan Analysis for EGPJPY
Based on a pre-defined weighted trend formula for chart analysis, EGPJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).