Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Euro/Egyptian Pound (FOREX:EUREGP)
Sidelines Mode (-55) - EUREGP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for EUREGP
The long-term trend has been DOWN since May 2nd, 2018 at 21.298
The intermediate-term trend has been DOWN since Mar 20th, 2020 at 16.778
The short-term trend has been UP since Mar 25th, 2020 at 17.165
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).