Forex Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Bear Market Rally (-75) - EGPJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EGPJPY as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for EGPJPY
The long-term trend has been DOWN since Mar 21st, 2022 at 7.160476
The intermediate-term trend has been UP since Jun 7th, 2022 at 7.107047
The short-term trend has been DOWN since Jul 1st, 2022 at 7.201618
Smart Scan Analysis for EGPJPY
Based on our trend formula, EGPJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).