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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Strong Uptrend (+100) - USDEGP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDEGP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for USDEGP
The long-term trend has been UP since Dec 17th, 2023 at 31.102130
The intermediate-term trend has been UP since Oct 22nd, 2024 at 48.724878
The short-term trend has been UP since Nov 13th, 2024 at 49.360112
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.543900 | 49.650000 | 49.504885 | 49.647600 | +0.103700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.543900 | 2024-11-20 03:37:43 |