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Forex Trend Analysis Report
Prepared for you on Sunday, October 6, 2024.
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.
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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 Sep 30th, 2024 at 48.250000
The short-term trend has been DOWN since Sep 26th, 2024 at 48.495948
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 48.305941 | 48.405109 | 48.305941 | 48.383037 | +0.077096 |
| Prev. Close | Volume | Bid | Ask | Time |
| 48.305941 | 2024-10-06 17:28:33 |