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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

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
3.9529360 3.9529360 3.9208687 3.9208687 -0.0320670
Entry Signal

MarketClub’s Trade Triangles for GBPGEL

long term up The long-term trend has been UP since Mar 27th, 2020 at 3.8881835

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 3.9131548

short term up The short-term trend has been UP since May 26th, 2020 at 3.9341655

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
3.9529360 3.9529360 3.9208687 3.9208687 -0.0320670
Prev. Close Volume Bid Ask Time
3.9529360 3.8900926 3.9516447 2020-05-29 13:26:30
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