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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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
19.527556 19.636683 19.468764 19.585072 +0.057516
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term down The long-term trend has been DOWN since Feb 7th, 2020 at 20.330041

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 19.892252

short term up The short-term trend has been UP since Apr 7th, 2020 at 19.513730

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
19.527556 19.636683 19.468764 19.585072 +0.057516
Prev. Close Volume Bid Ask Time
19.527556 19.556495 19.613648 2020-04-09 06:46:31
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