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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Sidelines Mode (+55) - EGPJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EGPJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPJPY.
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 EGPJPY
The long-term trend has been DOWN since Dec 7th, 2023 at 4.6783624
The intermediate-term trend has been UP since Apr 24th, 2024 at 3.2410329
The short-term trend has been DOWN since Apr 29th, 2024 at 3.2447277
Smart Scan Analysis for EGPJPY
Based on our trend formula, EGPJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2981375 | 3.2981375 | 3.2981375 | 3.2981375 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2981375 | 2024-05-01 07:23:59 |