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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.

FOREX_USDEGP
Open High Low USDEGP Price Change
15.708255 15.708255 15.708255 15.708255 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long-term trend has been DOWN since Jan 9th, 2022 at 15.650000

intermediate term down The intermediate-term trend has been DOWN since Jan 9th, 2022 at 15.685200

short term up 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).

-85
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.708255 15.708255 15.708255 15.708255 0.000000
Prev. Close Volume Bid Ask Time
15.708255 2022-01-23 01:48:07
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