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.
MarketClub’s Trade Triangles for EGPZAR
The long-term trend has been DOWN since Jul 20th, 2023 at 0.56661786
The intermediate-term trend has been UP since Nov 21st, 2023 at 0.61419805
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).