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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.

FOREX_EGPUSD
Open High Low EGPUSD Price Change
0.06313278 0.06316535 0.06308956 0.06315069 +0.00001800
Entry Signal

MarketClub’s Trade Triangles for EGPUSD

long term down The long-term trend has been DOWN since May 20th, 2020 at 0.06307045

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 0.06327490

short term up 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).

-75
Smart Scan Analysis for EGPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06313278 0.06316535 0.06308956 0.06315069 +0.00001800
Prev. Close Volume Bid Ask Time
0.06313278 0.06306089 0.06324049 2020-05-29 17:09:03
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