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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/ (FOREX:GBPGEL)
Long-Term Downtrend (-90) - GBPGEL is in a strong downtrend that is likely to continue. While GBPGEL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPGEL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGEL.
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 GBPGEL
The long-term trend has been DOWN since Apr 16th, 2024 at 3.3326811
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 3.3829499
The short-term trend has been DOWN since May 7th, 2024 at 3.3529707
Smart Scan Analysis for GBPGEL
Based on our trend formula, GBPGEL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3391077 | 3.3391077 | 3.3391077 | 3.3391077 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3373748 | 2024-05-07 10:50:57 |