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.
MarketClub’s Trade Triangles for EGPZAR
The long-term trend has been DOWN since Nov 3rd, 2020 at 1.0205106
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.9292797
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).