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.
MarketClub’s Trade Triangles for GBPGEL
The long-term trend has been DOWN since Jun 4th, 2021 at 4.5563549
The intermediate-term trend has been UP since Oct 14th, 2021 at 4.2767930
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).