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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

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, EGPUSD 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.

FOREX_EGPUSD
Open High Low EGPUSD Price Change
0.02072714 0.02072962 0.02051069 0.02061742 -0.00011000
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 down The short-term trend has been DOWN since Apr 15th, 2024 at 0.02101634

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).

-100
Smart Scan Analysis for EGPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02072714 0.02072962 0.02051069 0.02061742 -0.00011000
Prev. Close Volume Bid Ask Time
0.02072714 2024-04-16 14:12:31
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