Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Egyptian Pound/Euro (FOREX:EGPEUR)
Strong Downtrend (-100) - EGPEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for EGPEUR
The long-term trend has been DOWN since Jun 3rd, 2020 at 0.05552790
The intermediate-term trend has been DOWN since Jul 20th, 2020 at 0.05455548
The short-term trend has been DOWN since Jul 15th, 2020 at 0.05486678
Smart Scan Analysis for EGPEUR
Based on our trend formula, EGPEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).