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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Egyptian Pound/Japanese Yen (FOREX:EGPJPY)

Sidelines Mode (+55) - EGPJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_EGPJPY
Open High Low EGPJPY Price Change
3.3140356 3.3287178 3.3008833 3.3265272 +0.0124920
Entry Signal

MarketClub’s Trade Triangles for EGPJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 4.6783624

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2024 at 3.2410329

short term down The short-term trend has been DOWN since May 23rd, 2024 at 3.3151922

Smart Scan Analysis for EGPJPY

Based on our trend formula, EGPJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3140356 3.3287178 3.3008833 3.3265272 +0.0124920
Prev. Close Volume Bid Ask Time
3.3140356 2024-05-29 10:29:53
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