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.
MarketClub’s Trade Triangles for EGPZAR
The long-term trend has been UP since Jan 31st, 2020 at 0.9430850
The intermediate-term trend has been DOWN since May 20th, 2020 at 1.1412114
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).