Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Euro/Egyptian Pound (FOREX:EUREGP)
Strong Downtrend (-100) - EUREGP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since May 2nd, 2018 at 21.298
The intermediate-term trend has been DOWN since Mar 20th, 2020 at 16.778
The short-term trend has been DOWN since Mar 31st, 2020 at 17.257
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).