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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Bull Market Weakness (+75) - USDEGP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDEGP as it may be in the beginning stages of a reversal.
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 31.10213
The intermediate-term trend has been DOWN since Sep 30th, 2024 at 48.25000
The short-term trend has been UP since Oct 7th, 2024 at 48.40660
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 48.398081 | 48.611820 | 48.390600 | 48.596800 | +0.198719 |
| Prev. Close | Volume | Bid | Ask | Time |
| 48.398081 | 2024-10-08 19:24:13 |