Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Egyptian Pound (FOREX:EUREGP)
Weak Uptrend (+65) - EUREGP is showing signs of weakening momentum to the upside. Monitor EUREGP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EUREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EUREGP.
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 EUREGP
The long-term trend has been UP since Dec 22nd, 2023 at 34.060
The intermediate-term trend has been UP since Apr 8th, 2024 at 51.635
The short-term trend has been DOWN since May 7th, 2024 at 51.426
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
+65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 51.105 | 51.201 | 50.661 | 50.974 | -0.131 |
| Prev. Close | Volume | Bid | Ask | Time |
| 51.105 | 2024-05-09 11:39:59 |
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