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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.

FOREX_GBPEGP
Open High Low GBPEGP Price Change
21.073147 21.132678 21.020696 21.101650 +0.028503
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term up The long-term trend has been UP since Jun 10th, 2020 at 20.719973

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2020 at 20.493983

short term up 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).

+90
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.073147 21.132678 21.020696 21.101650 +0.028503
Prev. Close Volume Bid Ask Time
21.073147 2020-12-04 09:01:23
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