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.
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 UP since May 25th, 2022 at 18.566200
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).