Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Countertrend Up (+85) - EGPUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 22nd, 2021 at 0.06386067
The intermediate-term trend has been UP since Dec 22nd, 2021 at 0.06385931
The short-term trend has been DOWN since Jan 13th, 2022 at 0.06349101
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).