Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Weak Uptrend (+65) - EGPUSD is showing signs of weakening momentum to the upside. Monitor EGPUSD as it may be in the beginning stages 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 UP since Sep 2nd, 2020 at 0.06326122
The intermediate-term trend has been UP since Nov 9th, 2020 at 0.06393739
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.06389101
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).