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Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

British Pound/ (FOREX:GBPGEL)

Strong Downtrend (-100) - GBPGEL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPGEL continues to fall. Traders should use caution and set stops.

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
3.2949733 3.2949733 3.2949733 3.2949733 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPGEL

long term down The long-term trend has been DOWN since May 12th, 2022 at 3.9243016

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 3.4392618

short term down The short-term trend has been DOWN since Jun 6th, 2022 at 3.7056015

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).

-100
Smart Scan Analysis for GBPGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2949733 3.2949733 3.2949733 3.2949733 0.0000000
Prev. Close Volume Bid Ask Time
3.2949733 2022-08-11 14:20:37
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