Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Egyptian Pound/Brazilian Real (FOREX:EGPBRL)
Sidelines Mode (+50) - EGPBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EGPBRL can gain momentum.
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.
MarketClub’s Trade Triangles for EGPBRL
The long-term trend has been DOWN since Jul 28th, 2022 at 0.27535057
The intermediate-term trend has been UP since Mar 15th, 2023 at 0.17162157
The short-term trend has been UP since Mar 24th, 2023 at 0.17132984
Smart Scan Analysis for EGPBRL
Based on our trend formula, EGPBRL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).