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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Egyptian Pound/Japanese Yen (FOREX:EGPJPY)

Crossroads (-60) - EGPJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_EGPJPY
Open High Low EGPJPY Price Change
3.2618833 3.2707060 3.2538741 3.2661152 +0.0042320
Entry Signal

MarketClub’s Trade Triangles for EGPJPY

long term up The long-term trend has been UP since Jul 2nd, 2024 at 3.3603111

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 3.2794531

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 3.3427738

Smart Scan Analysis for EGPJPY

Based on our trend formula, EGPJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2618833 3.2707060 3.2538741 3.2661152 +0.0042320
Prev. Close Volume Bid Ask Time
3.2668700 2024-07-19 17:04:41
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