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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Countertrend Up (+85) - USDEGP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for USDEGP
The long-term trend has been UP since Dec 17th, 2023 at 31.102130
The intermediate-term trend has been UP since Mar 6th, 2024 at 30.959105
The short-term trend has been DOWN since Apr 21st, 2024 at 48.267654
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 47.898665 | 47.919500 | 47.805000 | 47.902000 | +0.003335 |
| Prev. Close | Volume | Bid | Ask | Time |
| 47.898665 | 2024-04-25 16:30:40 |