Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Bull Market Weakness (+75) - EGPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EGPUSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for EGPUSD
The long-term trend has been UP since Jan 28th, 2019 at 0.0562430
The intermediate-term trend has been UP since Dec 16th, 2019 at 0.0621715
The short-term trend has been DOWN since Feb 20th, 2020 at 0.0636325
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).