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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

/British Pound (FOREX:GELGBP)

Sidelines Mode (+50) - GELGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GELGBP can gain momentum.

Is it time to buy, sell, or avoid GELGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GELGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GELGBP
Open High Low GELGBP Price Change
0.28303752 0.28303752 0.28303752 0.28303752 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GELGBP

long term down The long-term trend has been DOWN since May 15th, 2024 at 0.28983085

intermediate term up The intermediate-term trend has been UP since Jun 20th, 2024 at 0.28291289

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.27452671

Smart Scan Analysis for GELGBP

Based on our trend formula, GELGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GELGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28303752 0.28303752 0.28303752 0.28303752 0.00000000
Prev. Close Volume Bid Ask Time
0.28303752 2024-07-15 14:19:56
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