Forex Trend Analysis Report
Prepared for you on Monday, February 6, 2023.
Egyptian Pound/Brazilian Real (FOREX:EGPBRL)
Long-Term Downtrend (-90) - EGPBRL is in a strong downtrend that is likely to continue. While EGPBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EGPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGPBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EGPBRL
The long-term trend has been DOWN since Jul 28th, 2022 at 0.27535057
The intermediate-term trend has been DOWN since Jan 4th, 2023 at 0.20673225
The short-term trend has been DOWN since Jan 23rd, 2023 at 0.17304588
Smart Scan Analysis for EGPBRL
Based on our trend formula, EGPBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).