Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

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.

FOREX_GBPEGP
Open High Low GBPEGP Price Change
22.560482 22.650560 22.412776 22.556946 -0.003536
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term up The long-term trend has been UP since Mar 21st, 2022 at 21.654051

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 22.777761

short term down The short-term trend has been DOWN since Jul 5th, 2022 at 22.516908

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).

-60
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.560482 22.650560 22.412776 22.556946 -0.003536
Prev. Close Volume Bid Ask Time
22.560482 2022-07-06 23:51:50
Get a free daily analysis and signals for British Pound/Egyptian Pound (GBPEGP) - Request Your Free Report.