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.
MarketClub’s Trade Triangles for GBPEGP
The long-term trend has been UP since Dec 1st, 2023 at 39.387625
The intermediate-term trend has been UP since Nov 3rd, 2023 at 38.145358
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).