Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Euro/Egyptian Pound (FOREX:EUREGP)
Bear Market Rally (-75) - EUREGP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EUREGP as it may be in the beginning of a reversal.
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 Aug 10th, 2021 at 18.422
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 18.428
The short-term trend has been UP since Oct 13th, 2021 at 18.225
Smart Scan Analysis for EUREGP
Based on our trend formula, EUREGP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).