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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Crossroads (-60) - EGPZAR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_EGPZAR
Open High Low EGPZAR Price Change
1.1070759 1.1134717 1.1041445 1.1088797 +0.0018040
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term up The long-term trend has been UP since Jan 31st, 2020 at 0.9430850

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 1.1412114

short term down The short-term trend has been DOWN since May 18th, 2020 at 1.1655729

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1070759 1.1134717 1.1041445 1.1088797 +0.0018040
Prev. Close Volume Bid Ask Time
1.1070759 1.1078894 1.1098699 2020-05-25 05:08:57
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