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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.

FOREX_EGPPKR
Open High Low EGPPKR Price Change
9.2501170 9.2501170 5.0326068 5.0326068 -4.2175100
Entry Signal

MarketClub’s Trade Triangles for EGPPKR

long term down The long-term trend has been DOWN since Oct 17th, 2023 at 8.954223

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 9.070099

short term down 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).

-90
Smart Scan Analysis for EGPPKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.2501170 9.2501170 5.0326068 5.0326068 -4.2175100
Prev. Close Volume Bid Ask Time
9.2421590 2023-11-24 13:45:42
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