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.
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 DOWN since May 18th, 2020 at 3.9131548
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).