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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Weak Downtrend (-65) - USDEGP is showing signs of a strengthening downtrend. Monitor USDEGP as it may be building momentum to the downside.

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
15.673065 15.679942 15.625000 15.668499 -0.004566
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 15.749583

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 15.632415

short term up The short-term trend has been UP since Dec 2nd, 2020 at 15.700100

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.673065 15.679942 15.625000 15.668499 -0.004566
Prev. Close Volume Bid Ask Time
15.673065 2020-12-04 18:49:06
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