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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Long-Term Uptrend (+90) - USDEGP is in a strong uptrend that is likely to continue. While USDEGP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Oct 22nd, 2024 at 48.724878
The short-term trend has been UP since Nov 4th, 2024 at 49.000000
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.066700 | 49.182674 | 49.055500 | 49.119800 | +0.053100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.066700 | 2024-11-05 07:37:20 |