Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Long-Term Uptrend (+90) - EGPJPY is in a strong uptrend that is likely to continue. While EGPJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 8th, 2021 at 6.757272
The intermediate-term trend has been UP since Sep 24th, 2021 at 7.034098
The short-term trend has been UP since Oct 7th, 2021 at 7.103289
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).