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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.

FOREX_EGPEUR
Open High Low EGPEUR Price Change
0.05478562 0.05479462 0.05473764 0.05473764 -0.00004800
Entry Signal

MarketClub’s Trade Triangles for EGPEUR

long term up The long-term trend has been UP since Aug 10th, 2021 at 0.05428302

intermediate term up The intermediate-term trend has been UP since Sep 20th, 2021 at 0.05426535

short term down 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).

+55
Smart Scan Analysis for EGPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05478562 0.05479462 0.05473764 0.05473764 -0.00004800
Prev. Close Volume Bid Ask Time
0.05478562 2021-10-22 03:21:13
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