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Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Euro/Egyptian Pound (FOREX:EUREGP)
Long-Term Downtrend (-90) - EUREGP is in a strong downtrend that is likely to continue. While EUREGP is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for EUREGP
The long-term trend has been DOWN since Sep 18th, 2023 at 32.901
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 33.829
The short-term trend has been DOWN since Sep 21st, 2023 at 32.849
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.333 | 32.417 | 32.316 | 32.367 | +0.034 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.333 | 2023-10-03 16:47:20 |