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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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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 DOWN since Nov 12th, 2024 at 62.882624
The short-term trend has been UP since Nov 19th, 2024 at 62.817352
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 62.849649 | 62.987940 | 62.787953 | 62.940361 | +0.090712 |
| Prev. Close | Volume | Bid | Ask | Time |
| 62.849649 | 2024-11-20 03:45:24 |