Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Long-Term Uptrend (+90) - USDEGP is in a strong uptrend that is likely to continue. While USDEGP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDEGP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDEGP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDEGP
Open High Low USDEGP Price Change
49.942792 50.230100 49.942792 50.037895 +0.095103
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term up The long-term trend has been UP since Dec 17th, 2023 at 31.102130

intermediate term up The intermediate-term trend has been UP since Oct 22nd, 2024 at 48.724878

short term up The short-term trend has been UP since Nov 27th, 2024 at 49.707334

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.942792 50.230100 49.942792 50.037895 +0.095103
Prev. Close Volume Bid Ask Time
49.942792 2024-12-08 20:36:46
Get a free daily analysis and signals for US Dollar/Egyptian Pound (USDEGP) - Request Your Free Report.