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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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
0.03236351 0.03236710 0.03230734 0.03236547 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for EGPUSD

long term down The long-term trend has been DOWN since Mar 21st, 2022 at 0.06345631

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2022 at 0.05376173

short term up The short-term trend has been UP since Mar 16th, 2023 at 0.03246985

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
0.03236351 0.03236710 0.03230734 0.03236547 +0.00000200
Prev. Close Volume Bid Ask Time
0.03236351 2023-03-21 23:28:58
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