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.

Open	High	Low	EGPZAR Price	Change
0.60053491	0.60435297	0.59687757	0.59759203	-0.00294300
Entry Signal

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).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.60053491	0.60435297	0.59687757	0.59759203	-0.00294300
Prev. Close	Volume	Bid	Ask	Time
0.60053491				2023-11-29 07:47:18

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