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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/ (FOREX:GBPGEL)
Crossroads (-60) - GBPGEL is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for GBPGEL
The long-term trend has been UP since May 15th, 2024 at 3.4508618
The intermediate-term trend has been DOWN since Oct 21st, 2024 at 3.5482335
The short-term trend has been DOWN since Oct 2nd, 2024 at 3.6367283
Smart Scan Analysis for GBPGEL
Based on our trend formula, GBPGEL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4599445 | 3.4599445 | 3.4599445 | 3.4599445 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4685893 | 2024-11-18 18:19:04 |