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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.

FOREX_EGPBRL
Open High Low EGPBRL Price Change
0.16815433 0.17026594 0.16806080 0.17021383 +0.00206000
Entry Signal

MarketClub’s Trade Triangles for EGPBRL

long term down The long-term trend has been DOWN since Jul 28th, 2022 at 0.27535057

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2023 at 0.20673225

short term down 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).

-90
Smart Scan Analysis for EGPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16815433 0.17026594 0.16806080 0.17021383 +0.00206000
Prev. Close Volume Bid Ask Time
0.16815433 2023-02-06 01:52:42
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