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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

British Pound/Egyptian Pound (FOREX:GBPEGP)

Sidelines Mode (+55) - GBPEGP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
38.869225 38.869225 38.758372 38.758372 -0.110853
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 Nov 3rd, 2023 at 38.145358

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 38.956156

Smart Scan Analysis for GBPEGP

Based on our trend formula, GBPEGP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.869225 38.869225 38.758372 38.758372 -0.110853
Prev. Close Volume Bid Ask Time
38.869225 2023-12-09 09:56:40
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