Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Egyptian Pound/US Dollar (FOREX:EGPUSD)
Long-Term Downtrend (-90) - EGPUSD is in a strong downtrend that is likely to continue. While EGPUSD is showing intraday strength, it remains in the confines of a bearish trend. 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 Aug 4th, 2021 at 0.06353291
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.06349077
The short-term trend has been DOWN since Oct 18th, 2021 at 0.06349331
Smart Scan Analysis for EGPUSD
Based on our trend formula, EGPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).