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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Egyptian Pound/Euro (FOREX:EGPEUR)

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

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.

FOREX_EGPEUR
Open High Low EGPEUR Price Change
0.05322839 0.05338753 0.05295217 0.05295217 -0.00027600
Entry Signal

MarketClub’s Trade Triangles for EGPEUR

long term down The long-term trend has been DOWN since Jun 3rd, 2020 at 0.05552790

intermediate term down The intermediate-term trend has been DOWN since Jul 20th, 2020 at 0.05455548

short term down The short-term trend has been DOWN since Jul 15th, 2020 at 0.05486678

Smart Scan Analysis for EGPEUR

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

-100
Smart Scan Analysis for EGPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05322839 0.05338753 0.05295217 0.05295217 -0.00027600
Prev. Close Volume Bid Ask Time
0.05322839 0.05288207 0.05302227 2020-08-04 21:28:42
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