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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

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
0.10838402 0.10844450 0.10742143 0.10784918 -0.00053500
Entry Signal

MarketClub’s Trade Triangles for EGPBRL

long term down The long-term trend has been DOWN since Dec 26th, 2023 at 0.15651732

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.10819885

short term up The short-term trend has been UP since Apr 16th, 2024 at 0.10819885

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
0.10838402 0.10844450 0.10742143 0.10784918 -0.00053500
Prev. Close Volume Bid Ask Time
0.10838402 2024-04-22 10:56:06
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