Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
British Pound/ (FOREX:GBPGEL)
Countertrend Up (+85) - GBPGEL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Apr 1st, 2021 at 4.6524530
The short-term trend has been UP since Apr 16th, 2021 at 4.7355686
Smart Scan Analysis for GBPGEL
Based on our trend formula, GBPGEL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).