Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Long-Term Downtrend (-90) - EGPUSD is in a strong downtrend that is likely to continue. While EGPUSD 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 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 Mar 21st, 2022 at 0.06345631
The intermediate-term trend has been DOWN since May 25th, 2022 at 0.05376173
The short-term trend has been DOWN since Aug 1st, 2022 at 0.05272668
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05221704 | 0.05221755 | 0.05221704 | 0.05221755 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05221704 | 2022-08-15 02:25:33 |