Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Egyptian Pound/Euro (FOREX:EGPEUR)
Weak Downtrend (-65) - EGPEUR is showing signs of a strengthening downtrend. Monitor EGPEUR as it may be building momentum to the downside.
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 UP since Mar 5th, 2021 at 0.05348175
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 0.05318027
The short-term trend has been DOWN since Apr 13th, 2021 at 0.05336758
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).