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Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Euro/Egyptian Pound (FOREX:EUREGP)
Long-Term Downtrend (-90) - EUREGP is in a strong downtrend that is likely to continue. While EUREGP 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 EUREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EUREGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EUREGP
The long-term trend has been DOWN since Aug 10th, 2021 at 18.422
The intermediate-term trend has been DOWN since Jan 25th, 2022 at 17.715
The short-term trend has been DOWN since Jan 18th, 2022 at 17.888
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.550 | 17.570 | 17.507 | 17.570 | +0.020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.550 | 2022-01-28 11:22:58 |