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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 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.
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MarketClub’s Trade Triangles for GELGBP
The long-term trend has been DOWN since May 15th, 2024 at 0.28983085
The intermediate-term trend has been UP since Oct 21st, 2024 at 0.28185428
The short-term trend has been UP since Oct 2nd, 2024 at 0.27484942
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28905688 | 0.28905688 | 0.28905688 | 0.28905688 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28838458 | 2024-11-18 18:19:04 |