Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Egyptian Pound (FOREX:GBPEGP)
Weak Downtrend (-65) - GBPEGP is showing signs of a strengthening downtrend. Monitor GBPEGP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPEGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPEGP.
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 GBPEGP
The long-term trend has been UP since Dec 1st, 2023 at 39.387625
The intermediate-term trend has been DOWN since May 9th, 2024 at 59.200154
The short-term trend has been DOWN since May 7th, 2024 at 60.098241
Smart Scan Analysis for GBPEGP
Based on our trend formula, GBPEGP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 59.414022 | 59.524972 | 58.987670 | 59.113094 | -0.300928 |
| Prev. Close | Volume | Bid | Ask | Time |
| 59.414022 | 2024-05-09 05:58:09 |
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