Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Crossroads (-60) - EGPJPY is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for EGPJPY
The long-term trend has been UP since May 18th, 2023 at 4.4797278
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 4.8164039
The short-term trend has been DOWN since Nov 14th, 2023 at 4.8975382
Smart Scan Analysis for EGPJPY
Based on our trend formula, EGPJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).