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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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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 Jun 5th, 2024 at 0.02098607
The short-term trend has been DOWN since Jul 15th, 2024 at 0.02082611
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 |
|---|---|---|---|---|
| 0.02068648 | 0.02069507 | 0.02067786 | 0.02069507 | +0.00000900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02068648 | 2024-07-26 14:00:13 |