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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.

FOREX_EGPJPY
Open High Low EGPJPY Price Change
7.180608 7.187362 7.179101 7.182599 +0.001991
Entry Signal

MarketClub’s Trade Triangles for EGPJPY

long term down The long-term trend has been DOWN since Mar 21st, 2022 at 7.160476

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2022 at 7.107047

short term down 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).

-75
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.180608 7.187362 7.179101 7.182599 +0.001991
Prev. Close Volume Bid Ask Time
7.180608 2022-07-01 03:20:41
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