Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Egyptian Pound/Japanese Yen (FOREX:EGPJPY)
Bull Market Weakness (+75) - EGPJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EGPJPY as it may be in the beginning stages 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 UP since Feb 8th, 2021 at 6.757272
The intermediate-term trend has been UP since Sep 24th, 2021 at 7.034098
The short-term trend has been DOWN since Oct 21st, 2021 at 7.243705
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).