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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Bull Market Weakness (+75) - EGPZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EGPZAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid EGPZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EGPZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EGPZAR
Open High Low EGPZAR Price Change
1.0113395 1.0206556 1.0065049 1.0078060 -0.0035340
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 0.9451944

intermediate term up The intermediate-term trend has been UP since Oct 28th, 2021 at 0.9641205

short term down The short-term trend has been DOWN since Nov 30th, 2021 at 1.0192819

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0113395 1.0206556 1.0065049 1.0078060 -0.0035340
Prev. Close Volume Bid Ask Time
1.0113395 2021-12-07 23:37:43
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