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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Euro/Egyptian Pound (FOREX:EUREGP)

Bear Market Rally (-75) - EUREGP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EUREGP as it may be in the beginning of a reversal.

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
19.617 19.619 19.449 19.454 -0.163
Entry Signal

MarketClub’s Trade Triangles for EUREGP

long term down The long-term trend has been DOWN since Jul 11th, 2022 at 18.983

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 19.453

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 19.622

Smart Scan Analysis for EUREGP

Based on our trend formula, EUREGP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EUREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.617 19.619 19.449 19.454 -0.163
Prev. Close Volume Bid Ask Time
19.617 2022-08-15 18:27:19
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