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.
MarketClub’s Trade Triangles for USDEGP
The long-term trend has been DOWN since Sep 1st, 2020 at 15.749583
The intermediate-term trend has been UP since Mar 1st, 2021 at 15.737125
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).