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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for EGPZAR
The long-term trend has been DOWN since Dec 21st, 2023 at 0.58088145
The intermediate-term trend has been UP since Nov 12th, 2024 at 0.36683530
The short-term trend has been DOWN since Nov 18th, 2024 at 0.36677989
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 |
|---|---|---|---|---|
| 0.36443916 | 0.36594680 | 0.36400462 | 0.36488088 | +0.00044200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.36443916 | 2024-11-20 03:45:41 |