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Forex Trend Analysis Report

Prepared for you on Sunday, August 14, 2022.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Weak Downtrend (-65) - EGPZAR is showing signs of a strengthening downtrend. Monitor EGPZAR as it may be building momentum to the downside.

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
0.8487830 0.8516669 0.8437400 0.8437781 -0.0050050
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

long term up The long-term trend has been UP since Jul 6th, 2022 at 0.8921287

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 0.8661640

short term down The short-term trend has been DOWN since Aug 5th, 2022 at 0.8659496

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EGPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8487830 0.8516669 0.8437400 0.8437781 -0.0050050
Prev. Close Volume Bid Ask Time
0.8487830 2022-08-12 17:08:45
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