Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Egyptian Pound/Pakistani Rupee (FOREX:EGPPKR)
Long-Term Downtrend (-90) - EGPPKR is in a strong downtrend that is likely to continue. While EGPPKR 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 EGPPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EGPPKR
The long-term trend has been DOWN since Oct 17th, 2023 at 8.954223
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 9.070099
The short-term trend has been DOWN since Nov 21st, 2023 at 9.318563
Smart Scan Analysis for EGPPKR
Based on our trend formula, EGPPKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).