Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Strong Downtrend (-100) - EGPUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since May 20th, 2020 at 0.06307045
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.06327490
The short-term trend has been DOWN since Jun 1st, 2020 at 0.06304357
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).