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.
MarketClub’s Trade Triangles for EGPUSD
The long-term trend has been DOWN since Mar 21st, 2022 at 0.06345631
The intermediate-term trend has been DOWN since May 25th, 2022 at 0.05376173
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).