Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
US Dollar/Egyptian Pound (FOREX:USDEGP)
Weak Downtrend (-65) - USDEGP is showing signs of a strengthening downtrend. Monitor USDEGP as it may be building momentum to the downside.
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 Sep 1st, 2020 at 15.749583
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 15.632415
The short-term trend has been UP since Dec 2nd, 2020 at 15.700100
Smart Scan Analysis for USDEGP
Based on our trend formula, USDEGP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).