Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
British Pound/Egyptian Pound (FOREX:GBPEGP)
Crossroads (+60) - GBPEGP is struggling to move into a solid trend. Beware of choppy markets 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 Jul 20th, 2021 at 21.347570
The intermediate-term trend has been UP since Oct 15th, 2021 at 21.611030
The short-term trend has been UP since Oct 14th, 2021 at 21.486023
Smart Scan Analysis for GBPEGP
Based on our trend formula, GBPEGP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).