Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Countertrend Down (-85) - EGPZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid EGPZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EGPZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	EGPZAR Price	Change
0.39069766	0.39271084	0.38944624	0.38967416	-0.00102400
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

The long-term trend has been DOWN since Dec 21st, 2023 at 0.58088145

The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.60443596

The short-term trend has been UP since May 7th, 2024 at 0.38794756

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.39069766	0.39271084	0.38944624	0.38967416	-0.00102400
Prev. Close	Volume	Bid	Ask	Time
0.39069766				2024-05-09 10:51:40

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