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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Egyptian Pound (FOREX:GBPEGP)
Bull Market Weakness (+75) - GBPEGP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPEGP as it may be in the beginning stages of a reversal.
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 UP since May 28th, 2024 at 60.385749
The short-term trend has been DOWN since Jul 24th, 2024 at 62.284291
Smart Scan Analysis for GBPEGP
Based on our trend formula, GBPEGP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 62.164051 | 62.235134 | 62.104267 | 62.104267 | -0.059784 |
| Prev. Close | Volume | Bid | Ask | Time |
| 62.164051 | 2024-07-26 19:48:54 |