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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Sidelines Mode (+55) - EGPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.9331552 0.9428963 0.9276433 0.9428963 +0.0097410
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 0.9451944

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.9268945

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.9363444

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9331552 0.9428963 0.9276433 0.9428963 +0.0097410
Prev. Close Volume Bid Ask Time
0.9331552 2021-10-22 11:44:59
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