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Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2024.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Bear Market Rally (-75) - EGPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EGPUSD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for EGPUSD
The long-term trend has been DOWN since Dec 28th, 2023 at 0.03228915
The intermediate-term trend has been UP since Oct 1st, 2024 at 0.02072608
The short-term trend has been DOWN since Oct 4th, 2024 at 0.02062000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02057800 | 0.02059303 | 0.02055702 | 0.02057618 | -0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02057800 | 2024-10-14 08:29:38 |