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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Egyptian Pound/Pakistani Rupee (FOREX:EGPPKR)
Sidelines Mode (+50) - EGPPKR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EGPPKR can gain momentum.
Is it time to buy, sell, or avoid EGPPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EGPPKR
The long-term trend has been DOWN since Oct 17th, 2023 at 8.9542230
The intermediate-term trend has been UP since May 8th, 2024 at 5.8443233
The short-term trend has been UP since Apr 22nd, 2024 at 5.7656058
Smart Scan Analysis for EGPPKR
Based on our trend formula, EGPPKR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.8509755 | 5.8517227 | 5.8509755 | 5.8517227 | +0.0007470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.8509755 | 2024-05-08 16:10:18 |