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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Strong Downtrend (-100) - EGPUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EGPUSD continues to fall. 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.
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MarketClub’s Trade Triangles for EGPUSD
The long-term trend has been DOWN since Dec 28th, 2023 at 0.03228915
The intermediate-term trend has been DOWN since Oct 24th, 2024 at 0.02049676
The short-term trend has been DOWN since Nov 4th, 2024 at 0.02041267
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02018638 | 0.02020317 | 0.02016471 | 0.02016990 | -0.00001600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02018638 | 2024-11-20 03:22:47 |