Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
British Pound/ (FOREX:GBPGEL)
Strong Uptrend (+100) - GBPGEL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPGEL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 27th, 2020 at 3.8881835
The intermediate-term trend has been UP since Sep 16th, 2020 at 4.0602289
The short-term trend has been UP since Nov 3rd, 2020 at 4.2235133
Smart Scan Analysis for GBPGEL
Based on our trend formula, GBPGEL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).