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Forex Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
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.
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MarketClub’s Trade Triangles for GBPGEL
The long-term trend has been UP since May 15th, 2023 at 3.2596460
The intermediate-term trend has been UP since May 11th, 2023 at 3.1412165
The short-term trend has been UP since May 30th, 2023 at 3.1657797
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2759466 | 3.2759466 | 3.2759466 | 3.2759466 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2759466 | 2023-06-09 15:57:15 |