Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Long-Term Downtrend (-90) - EGPJPY is in a strong downtrend that is likely to continue. While EGPJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EGPJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EGPJPY
The long-term trend has been DOWN since Oct 27th, 2022 at 6.8623530
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 4.3439709
The short-term trend has been DOWN since Mar 10th, 2023 at 4.3973846
Smart Scan Analysis for EGPJPY
Based on our trend formula, EGPJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).