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Forex Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Weak Downtrend (-65) - USDEGP is showing signs of a strengthening downtrend. Monitor USDEGP as it may be building momentum to the downside.

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
30.789994 30.836183 30.789994 30.789994 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term up The long-term trend has been UP since Feb 28th, 2022 at 15.919072

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 30.790353

short term down The short-term trend has been DOWN since Sep 22nd, 2023 at 30.796091

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.789994 30.836183 30.789994 30.789994 0.000000
Prev. Close Volume Bid Ask Time
30.789994 2023-09-23 22:40:10
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