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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Egyptian Pound/Brazilian Real (FOREX:EGPBRL)

Weak Downtrend (-65) - EGPBRL is showing signs of a strengthening downtrend. Monitor EGPBRL as it may be building momentum to the downside.

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
0.11654155 0.11664157 0.11641240 0.11641684 -0.00012500
Entry Signal

MarketClub’s Trade Triangles for EGPBRL

long term up The long-term trend has been UP since Jul 1st, 2024 at 0.11706388

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2024 at 0.11452890

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.11659793

Smart Scan Analysis for EGPBRL

Based on our trend formula, EGPBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EGPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11654155 0.11664157 0.11641240 0.11641684 -0.00012500
Prev. Close Volume Bid Ask Time
0.11654155 2024-11-20 03:35:05
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