Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Crossroads (+60) - USDEGP is struggling to move into a solid trend. Beware of choppy markets 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 Jan 28th, 2019 at 17.726500
The intermediate-term trend has been UP since Mar 9th, 2020 at 15.730000
The short-term trend has been UP since Mar 30th, 2020 at 15.829234
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).