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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Crossroads (+60) - USDEGP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
15.737422 15.796188 15.726700 15.744113 +0.006691
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long-term trend has been DOWN since Jan 28th, 2019 at 17.726500

intermediate term up The intermediate-term trend has been UP since Mar 9th, 2020 at 15.730000

short term up The short-term trend has been UP since Mar 30th, 2020 at 15.829234

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.737422 15.796188 15.726700 15.744113 +0.006691
Prev. Close Volume Bid Ask Time
15.737422 15.721239 15.766986 2020-04-01 12:58:13
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