Forex Trend Analysis Report

Prepared for you on Saturday, April 27, 2024.

Egyptian Pound/South African Rand (FOREX:EGPZAR)

Long-Term Downtrend (-90) - EGPZAR is in a strong downtrend that is likely to continue. While EGPZAR is showing intraday strength, it remains in the confines of a bearish trend. 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.

Open	High	Low	EGPZAR Price	Change
0.39738055	0.39866728	0.39086762	0.39192809	-0.00545200
Entry Signal

MarketClub’s Trade Triangles for EGPZAR

The long-term trend has been DOWN since Dec 21st, 2023 at 0.58088145

The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.60443596

The short-term trend has been DOWN since Apr 26th, 2024 at 0.39510898

Smart Scan Analysis for EGPZAR

Based on our trend formula, EGPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.39738055	0.39866728	0.39086762	0.39192809	-0.00545200
Prev. Close	Volume	Bid	Ask	Time
0.39800245				2024-04-26 17:04:59

Get a free daily analysis and signals for Egyptian Pound/South African Rand (EGPZAR) - Request Your Free Report.