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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Weak Downtrend (-65) - EGPZAR is showing signs of a strengthening downtrend. Monitor EGPZAR as it may be building momentum to the downside.

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
0.9259272 0.9489041 0.9229986 0.9484501 +0.0225230
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term down The long-term trend has been DOWN since Nov 3rd, 2020 at 1.0205106

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2021 at 0.9381272

short term down The short-term trend has been DOWN since Feb 23rd, 2021 at 0.9278236

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9259272 0.9489041 0.9229986 0.9484501 +0.0225230
Prev. Close Volume Bid Ask Time
0.9259272 2021-02-25 11:57:50
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