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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Egyptian Pound/Brazilian Real (FOREX:EGPBRL)

Strong Downtrend (-100) - EGPBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EGPBRL continues to fall. Traders should use caution and set stops.

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
0.26877949 0.27046787 0.26655863 0.26745360 -0.00132600
Entry Signal

MarketClub’s Trade Triangles for EGPBRL

long term down The long-term trend has been DOWN since Jul 28th, 2022 at 0.27535057

intermediate term down The intermediate-term trend has been DOWN since Jul 27th, 2022 at 0.27779587

short term down The short-term trend has been DOWN since Aug 5th, 2022 at 0.27148218

Smart Scan Analysis for EGPBRL

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

-100
Smart Scan Analysis for EGPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26877949 0.27046787 0.26655863 0.26745360 -0.00132600
Prev. Close Volume Bid Ask Time
0.26877949 2022-08-08 11:33:35
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