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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.

FOREX_EGPJPY
Open High Low EGPJPY Price Change
6.942367 6.942367 6.937065 6.937065 -0.005302
Entry Signal

MarketClub’s Trade Triangles for EGPJPY

long term up The long-term trend has been UP since Feb 8th, 2021 at 6.757272

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 6.916940

short term down 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).

+60
Smart Scan Analysis for EGPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.942367 6.942367 6.937065 6.937065 -0.005302
Prev. Close Volume Bid Ask Time
6.942367 2021-05-12 03:57:39
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