Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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.
MarketClub’s Trade Triangles for EGPEUR
The long-term trend has been UP since Jul 11th, 2022 at 0.05267880
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.05140604
The short-term trend has been UP since Aug 15th, 2022 at 0.05096329
Smart Scan Analysis for EGPEUR
Based on our trend formula, EGPEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).