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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Egyptian Pound/Euro (FOREX:EGPEUR)

Bull Market Weakness (+75) - EGPEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EGPEUR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid EGPEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EGPEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EGPEUR
Open High Low EGPEUR Price Change
0.01971298 0.01979023 0.01967807 0.01972893 +0.00001600
Entry Signal

MarketClub’s Trade Triangles for EGPEUR

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 0.02935997

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 0.01973906

short term up The short-term trend has been UP since May 20th, 2024 at 0.01974919

Smart Scan Analysis for EGPEUR

Based on our trend formula, EGPEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EGPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01971298 0.01979023 0.01967807 0.01972893 +0.00001600
Prev. Close Volume Bid Ask Time
0.01971298 2024-05-22 07:32:46
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