Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Strong Downtrend (-100) - EGPJPY 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 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 Mar 9th, 2020 at 6.696183
The intermediate-term trend has been DOWN since Apr 14th, 2020 at 6.784036
The short-term trend has been DOWN since May 29th, 2020 at 6.771956
Smart Scan Analysis for EGPJPY
Based on our trend formula, EGPJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).