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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
/British Pound (FOREX:GELGBP)
Weak Uptrend (+65) - GELGBP is showing signs of weakening momentum to the upside. Monitor GELGBP as it may be in the beginning stages of a reversal.
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 UP since Apr 16th, 2024 at 0.30007593
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.29562582
The short-term trend has been DOWN since Apr 25th, 2024 at 0.30165239
Smart Scan Analysis for GELGBP
Based on our trend formula, GELGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.29826904 | 0.29826904 | 0.29826904 | 0.29826904 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.29826904 | 2024-05-02 16:43:49 |