Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Egyptian Pound/South African Rand (FOREX:EGPZAR)
Bear Market Rally (-75) - EGPZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EGPZAR as it may be in the beginning of a reversal.
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 DOWN since Jul 20th, 2023 at 0.56661786
The intermediate-term trend has been UP since Nov 21st, 2023 at 0.61419805
The short-term trend has been DOWN since Nov 27th, 2023 at 0.60533317
Smart Scan Analysis for EGPZAR
Based on our trend formula, EGPZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).