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.
MarketClub’s Trade Triangles for EGPZAR
The long-term trend has been UP since Jul 6th, 2022 at 0.8921287
The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 0.8661640
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).