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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Countertrend Up (+85) - USDEGP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
47.11374 47.11960 47.09330 47.11280 -0.00094
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 Mar 6th, 2024 at 30.959105

short term down The short-term trend has been DOWN since Mar 11th, 2024 at 49.200000

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.11374 47.11960 47.09330 47.11280 -0.00094
Prev. Close Volume Bid Ask Time
47.11374 2024-03-19 02:49:35
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