Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/ (FOREX:GBPGEL)
Countertrend Up (+85) - GBPGEL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPGEL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGEL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPGEL
The long-term trend has been UP since Oct 12th, 2023 at 3.3488492
The intermediate-term trend has been UP since Oct 12th, 2023 at 3.3098730
The short-term trend has been UP since Oct 31st, 2023 at 3.2717896
Smart Scan Analysis for GBPGEL
Based on our trend formula, GBPGEL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).