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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Long-Term Uptrend (+90) - USDEGP is in a strong uptrend that is likely to continue. While USDEGP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDEGP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDEGP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDEGP
Open High Low USDEGP Price Change
47.686700 47.830000 47.530000 47.680531 -0.006169
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term up The long-term trend has been UP since Dec 17th, 2023 at 31.102130

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2024 at 47.658283

short term up The short-term trend has been UP since Jun 5th, 2024 at 47.520000

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.686700 47.830000 47.530000 47.680531 -0.006169
Prev. Close Volume Bid Ask Time
47.686700 2024-06-13 12:01:51
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