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Forex Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Sidelines Mode (+55) - USDEGP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDEGP
The long-term trend has been UP since Dec 17th, 2023 at 31.10213
The intermediate-term trend has been DOWN since May 9th, 2024 at 47.43584
The short-term trend has been UP since May 16th, 2024 at 47.40480
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.909203 | 46.919100 | 46.900300 | 46.910600 | +0.001397 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.909203 | 2024-05-17 03:41:21 |