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Forex Trend Analysis Report

Prepared for you on Saturday, December 14, 2024.

British Pound/Egyptian Pound (FOREX:GBPEGP)

Countertrend Up (+85) - GBPEGP 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 GBPEGP?

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

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

FOREX_GBPEGP
Open High Low GBPEGP Price Change
64.149742 64.346935 64.149742 64.346935 +0.197193
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term up The long-term trend has been UP since Dec 1st, 2023 at 39.387625

intermediate term up The intermediate-term trend has been UP since Dec 5th, 2024 at 63.734832

short term down The short-term trend has been DOWN since Dec 13th, 2024 at 64.206222

Smart Scan Analysis for GBPEGP

Based on our trend formula, GBPEGP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
64.149742 64.346935 64.149742 64.346935 +0.197193
Prev. Close Volume Bid Ask Time
64.149742 2024-12-14 18:54:35
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