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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

British Pound/Egyptian Pound (FOREX:GBPEGP)

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

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.

FOREX_GBPEGP
Open High Low GBPEGP Price Change
60.660293 60.660293 60.660293 60.660293 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term up The long-term trend has been UP since Dec 1st, 2023 at 39.387625

intermediate term up The intermediate-term trend has been UP since May 28th, 2024 at 60.385749

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 60.429395

Smart Scan Analysis for GBPEGP

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

+75
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.660293 60.660293 60.660293 60.660293 0.000000
Prev. Close Volume Bid Ask Time
60.660293 2024-06-16 04:14:50
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