Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Egyptian Pound/Euro (FOREX:EGPEUR)
Sidelines Mode (+55) - EGPEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EGPEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EGPEUR
The long-term trend has been UP since Aug 10th, 2021 at 0.05428302
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.05426535
The short-term trend has been DOWN since Oct 13th, 2021 at 0.05486979
Smart Scan Analysis for EGPEUR
Based on our trend formula, EGPEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).