Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
/British Pound (FOREX:GELGBP)
Strong Downtrend (-100) - GELGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GELGBP continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for GELGBP
The long-term trend has been DOWN since Oct 12th, 2023 at 0.29865011
The intermediate-term trend has been DOWN since Oct 12th, 2023 at 0.30219321
The short-term trend has been DOWN since Oct 31st, 2023 at 0.30568114
Smart Scan Analysis for GELGBP
Based on our trend formula, GELGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).