Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Egyptian Pound/South African Rand (FOREX:EGPZAR)
Sidelines Mode (+55) - EGPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EGPZAR
The long-term trend has been UP since Dec 25th, 2024 at 0.37244862
The intermediate-term trend has been UP since Dec 24th, 2024 at 0.36720436
The short-term trend has been DOWN since Jan 13th, 2025 at 0.37220230
Smart Scan Analysis for EGPZAR
Based on our trend formula, EGPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.37226718 | 0.37347116 | 0.36899283 | 0.36959599 | -0.00267100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.37226718 | 2025-01-20 09:42:44 |