Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

British Pound/Egyptian Pound (FOREX:GBPEGP)

Crossroads (+60) - GBPEGP is struggling to move into a solid trend. Beware of choppy markets 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
21.715594 21.716624 21.646304 21.664819 -0.050775
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term down The long-term trend has been DOWN since Jul 20th, 2021 at 21.347570

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 21.611030

short term up The short-term trend has been UP since Oct 14th, 2021 at 21.486023

Smart Scan Analysis for GBPEGP

Based on our trend formula, GBPEGP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.715594 21.716624 21.646304 21.664819 -0.050775
Prev. Close Volume Bid Ask Time
21.715594 2021-10-21 07:03:13
Get a free daily analysis and signals for British Pound/Egyptian Pound (GBPEGP) - Request Your Free Report.