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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Egyptian Pound/US Dollar (FOREX:EGPUSD)

Countertrend Up (+85) - EGPUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.06363753 0.06374313 0.06349023 0.06363552 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for EGPUSD

long term up The long-term trend has been UP since Dec 22nd, 2021 at 0.06386067

intermediate term up The intermediate-term trend has been UP since Dec 22nd, 2021 at 0.06385931

short term down The short-term trend has been DOWN since Jan 13th, 2022 at 0.06349101

Smart Scan Analysis for EGPUSD

Based on our trend formula, EGPUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EGPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06363753 0.06374313 0.06349023 0.06363552 -0.00000200
Prev. Close Volume Bid Ask Time
0.06363753 2022-01-18 09:13:47
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