Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Countertrend Down (-85) - USDEGP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for USDEGP
The long-term trend has been DOWN since Jan 9th, 2022 at 15.650000
The intermediate-term trend has been DOWN since Jan 9th, 2022 at 15.685200
The short-term trend has been UP since Jan 18th, 2022 at 15.748735
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).