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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/ (FOREX:GBPGEL)

Bull Market Weakness (+75) - GBPGEL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPGEL as it may be in the beginning stages of a reversal.

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.

FOREX_GBPGEL
Open High Low GBPGEL Price Change
3.4191383 3.4254584 3.4190929 3.4190929 -0.0000450
Entry Signal

MarketClub’s Trade Triangles for GBPGEL

long term up The long-term trend has been UP since Oct 12th, 2023 at 3.3488492

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 3.3542605

short term up The short-term trend has been UP since Mar 19th, 2024 at 3.4098861

Smart Scan Analysis for GBPGEL

Based on our trend formula, GBPGEL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4191383 3.4254584 3.4190929 3.4190929 -0.0000450
Prev. Close Volume Bid Ask Time
3.4191383 2024-03-27 16:21:31
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