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Forex Trend Analysis Report
Prepared for you on Friday, January 10, 2025.
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.
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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 DOWN since Jan 6th, 2025 at 50.678412
The short-term trend has been DOWN since Dec 24th, 2024 at 50.822324
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 50.553133 | 50.585306 | 50.504558 | 50.504558 | -0.048575 |
| Prev. Close | Volume | Bid | Ask | Time |
| 50.553133 | 2025-01-10 19:09:38 |