Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Sidelines Mode (-55) - EGPUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 2nd, 2020 at 0.06326122
The intermediate-term trend has been DOWN since Mar 1st, 2021 at 0.06353152
The short-term trend has been UP since Mar 3rd, 2021 at 0.06394207
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).