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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Sidelines Mode (-55) - USDEGP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
15.69725 15.69725 15.69725 15.69725 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 15.749583

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2021 at 15.737125

short term down The short-term trend has been DOWN since Mar 2nd, 2021 at 15.668800

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.69725 15.69725 15.69725 15.69725 0.00000
Prev. Close Volume Bid Ask Time
15.69725 2021-03-06 11:58:40
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