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Forex Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Long-Term Downtrend (-90) - EGPZAR is in a strong downtrend that is likely to continue. While EGPZAR 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 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
0.37646412 0.37761785 0.37463669 0.37693995 +0.00047600
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term down The long-term trend has been DOWN since Dec 21st, 2023 at 0.58088145

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 0.38224122

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.39470295

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37646412 0.37761785 0.37463669 0.37693995 +0.00047600
Prev. Close Volume Bid Ask Time
0.37646412 2024-06-21 17:21:19
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