Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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 Feb 8th, 2021 at 6.757272
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 6.916940
The short-term trend has been DOWN since Apr 6th, 2021 at 7.034064
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).