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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Egyptian Pound/US Dollar (FOREX:EGPUSD)

Long-Term Downtrend (-90) - EGPUSD is in a strong downtrend that is likely to continue. While EGPUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EGPUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EGPUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EGPUSD
Open High Low EGPUSD Price Change
0.06353162 0.06373529 0.06351149 0.06361618 +0.00008500
Entry Signal

MarketClub’s Trade Triangles for EGPUSD

long term down The long-term trend has been DOWN since Aug 4th, 2021 at 0.06353291

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.06349077

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.06349331

Smart Scan Analysis for EGPUSD

Based on our trend formula, EGPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EGPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06353162 0.06373529 0.06351149 0.06361618 +0.00008500
Prev. Close Volume Bid Ask Time
0.06353162 2021-10-19 21:18:11
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