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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Egyptian Pound/Euro (FOREX:EGPEUR)
Countertrend Down (-85) - EGPEUR 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 EGPEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPEUR.
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 EGPEUR
The long-term trend has been DOWN since Dec 22nd, 2023 at 0.02935997
The intermediate-term trend has been DOWN since Apr 8th, 2024 at 0.01936671
The short-term trend has been UP since Apr 22nd, 2024 at 0.01944240
Smart Scan Analysis for EGPEUR
Based on our trend formula, EGPEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01947913 | 0.01955876 | 0.01939564 | 0.01944883 | -0.00003000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01947913 | 2024-04-23 11:37:24 |