Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Bear Market Rally (-75) - EGPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EGPUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EGPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EGPUSD
The long-term trend has been DOWN since May 20th, 2020 at 0.06307045
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.06327490
The short-term trend has been UP since May 27th, 2020 at 0.06315839
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).