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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_EGPUSD
Open High Low EGPUSD Price Change
0.02122654 0.02125794 0.02115049 0.02125508 +0.00002900
Entry Signal

MarketClub’s Trade Triangles for EGPUSD

long term down The long-term trend has been DOWN since Dec 28th, 2023 at 0.03228915

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.03225732

short term up The short-term trend has been UP since Mar 12th, 2024 at 0.02042876

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).

-75
Smart Scan Analysis for EGPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02122654 0.02125794 0.02115049 0.02125508 +0.00002900
Prev. Close Volume Bid Ask Time
0.02122654 2024-03-19 07:32:57
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