Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Egyptian Pound (FOREX:GBPEGP)
Long-Term Uptrend (+90) - GBPEGP is in a strong uptrend that is likely to continue. While GBPEGP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPEGP
The long-term trend has been UP since Jun 10th, 2020 at 20.719973
The intermediate-term trend has been UP since Oct 11th, 2020 at 20.493983
The short-term trend has been UP since Dec 1st, 2020 at 20.981991
Smart Scan Analysis for GBPEGP
Based on our trend formula, GBPEGP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).