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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

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
4.3358297 4.3358297 4.3358297 4.3358297 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPGEL

long term down The long-term trend has been DOWN since Jun 4th, 2021 at 4.5563549

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 4.2767930

short term up The short-term trend has been UP since Oct 4th, 2021 at 4.2116382

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
4.3358297 4.3358297 4.3358297 4.3358297 0.0000000
Prev. Close Volume Bid Ask Time
4.3368069 2021-10-20 13:10:28
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