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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

British Pound/ (FOREX:GBPGEL)

Sidelines Mode (+55) - GBPGEL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.6413002 3.6413002 3.6413002 3.6413002 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPGEL

long term up The long-term trend has been UP since May 15th, 2024 at 3.4508618

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 3.3634815

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 3.6430337

Smart Scan Analysis for GBPGEL

Based on our trend formula, GBPGEL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6413002 3.6413002 3.6413002 3.6413002 0.0000000
Prev. Close Volume Bid Ask Time
3.6413002 2024-06-14 16:16:32
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