Free Daily Analysis

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.

FOREX_EUREGP
Open High Low EUREGP Price Change
17.550 17.570 17.507 17.570 +0.020
Entry Signal

MarketClub’s Trade Triangles for EUREGP

long term down The long-term trend has been DOWN since Aug 10th, 2021 at 18.422

intermediate term down The intermediate-term trend has been DOWN since Jan 25th, 2022 at 17.715

short term down 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).

-90
Smart Scan Analysis for EUREGP
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Euro/Egyptian Pound (EUREGP) - Request Your Free Report.