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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

US Dollar/Egyptian Pound (FOREX:USDEGP)

Bear Market Rally (-75) - USDEGP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDEGP as it may be in the beginning 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
15.700493 15.731200 15.655100 15.702100 +0.001607
Entry Signal

MarketClub’s Trade Triangles for USDEGP

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 15.749583

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2021 at 15.621200

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 15.651230

Smart Scan Analysis for USDEGP

Based on our trend formula, USDEGP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for USDEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.700493 15.731200 15.655100 15.702100 +0.001607
Prev. Close Volume Bid Ask Time
15.700493 2021-04-20 19:47:56
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