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.
MarketClub’s Trade Triangles for GBPEGP
The long-term trend has been DOWN since Feb 7th, 2020 at 20.330041
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 19.892252
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).