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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Egyptian Pound/Brazilian Real (FOREX:EGPBRL)

Crossroads (-60) - EGPBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_EGPBRL
Open High Low EGPBRL Price Change
0.15760190 0.15872068 0.15719352 0.15830008 +0.00069800
Entry Signal

MarketClub’s Trade Triangles for EGPBRL

long term up The long-term trend has been UP since Sep 27th, 2023 at 0.16422430

intermediate term down The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.16210304

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 0.15785168

Smart Scan Analysis for EGPBRL

Based on our trend formula, EGPBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EGPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15760190 0.15872068 0.15719352 0.15830008 +0.00069800
Prev. Close Volume Bid Ask Time
0.15760190 2023-11-29 15:57:09
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