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Forex Trend Analysis Report

Prepared for you on Monday, May 10, 2021.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Strong Downtrend (-100) - EGPZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.9033296 0.9040592 0.8896160 0.8942138 -0.0091160
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term down The long-term trend has been DOWN since Nov 3rd, 2020 at 1.0205106

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.9292797

short term down The short-term trend has been DOWN since Apr 13th, 2021 at 0.9244879

Smart Scan Analysis for EGPZAR

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

-100
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9033296 0.9040592 0.8896160 0.8942138 -0.0091160
Prev. Close Volume Bid Ask Time
0.9033296 2021-05-10 14:28:40
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