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.
MarketClub’s Trade Triangles for EGPBRL
The long-term trend has been UP since Sep 27th, 2023 at 0.16422430
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.16210304
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).