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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Bull Market Weakness (+75) - USDEGP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDEGP as it may be in the beginning stages of a reversal.

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
48.224732 48.224732 48.224732 48.224732 0.000000
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 Apr 21st, 2024 at 48.267654

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
48.224732 48.224732 48.224732 48.224732 0.000000
Prev. Close Volume Bid Ask Time
48.224732 2024-04-21 11:13:45
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