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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Egyptian Pound/Japanese Yen (FOREX:EGPJPY)

Weak Downtrend (-65) - EGPJPY is showing signs of a strengthening downtrend. Monitor EGPJPY as it may be building momentum to the downside.

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
3.1952903 3.1993579 3.1942790 3.1993482 +0.0040580
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 15th, 2024 at 3.2255935

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 3.1915973

Smart Scan Analysis for EGPJPY

Based on our trend formula, EGPJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1952903 3.1993579 3.1942790 3.1993482 +0.0040580
Prev. Close Volume Bid Ask Time
3.1952903 2024-04-19 16:19:09
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