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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Crossroads (+60) - EGPZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EGPZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EGPZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EGPZAR
Open High Low EGPZAR Price Change
0.60229320 0.61041309 0.60182947 0.60937961 +0.00708600
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 0.56661786

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 0.61419805

short term up The short-term trend has been UP since Nov 30th, 2023 at 0.61115587

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60229320 0.61041309 0.60182947 0.60937961 +0.00708600
Prev. Close Volume Bid Ask Time
0.60229320 2023-12-04 14:43:11
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