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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Euro/Egyptian Pound (FOREX:EUREGP)

Countertrend Up (+85) - EUREGP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_EUREGP
Open High Low EUREGP Price Change
51.619 51.696 51.173 51.309 -0.310
Entry Signal

MarketClub’s Trade Triangles for EUREGP

long term up The long-term trend has been UP since Dec 22nd, 2023 at 34.060

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2024 at 51.635

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 51.434

Smart Scan Analysis for EUREGP

Based on our trend formula, EUREGP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EUREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.619 51.696 51.173 51.309 -0.310
Prev. Close Volume Bid Ask Time
51.619 2024-04-22 15:32:42
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