Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Euro/Egyptian Pound (FOREX:EUREGP)
Sidelines Mode (+55) - EUREGP 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 EUREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EUREGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EUREGP
The long-term trend has been UP since Dec 3rd, 2020 at 19.045
The intermediate-term trend has been UP since Feb 23rd, 2021 at 19.100
The short-term trend has been DOWN since Feb 26th, 2021 at 18.990
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).