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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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
19.156300 19.162100 19.138403 19.139094 -0.017206
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term up The long-term trend has been UP since Feb 28th, 2022 at 15.919072

intermediate term up The intermediate-term trend has been UP since May 25th, 2022 at 18.566200

short term up The short-term trend has been UP since Aug 18th, 2022 at 19.187313

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
19.156300 19.162100 19.138403 19.139094 -0.017206
Prev. Close Volume Bid Ask Time
19.156300 2022-08-19 21:44:17
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