Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Weak Downtrend (-65) - USDEGP is showing signs of a strengthening downtrend. Monitor USDEGP as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDEGP
The long-term trend has been UP since Feb 28th, 2022 at 15.919072
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 30.790353
The short-term trend has been DOWN since Sep 22nd, 2023 at 30.796091
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).