Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Bear Market Rally (-75) - USDEGP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDEGP as it may be in the beginning of a reversal.
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 Aug 20th, 2021 at 15.552760
The intermediate-term trend has been UP since Sep 21st, 2021 at 15.751508
The short-term trend has been DOWN since Oct 19th, 2021 at 15.690000
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).