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Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
British Pound/Egyptian Pound (FOREX:GBPEGP)
Strong Downtrend (-100) - GBPEGP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPEGP
The long-term trend has been DOWN since Jul 20th, 2021 at 21.347570
The intermediate-term trend has been DOWN since Nov 4th, 2021 at 21.310221
The short-term trend has been DOWN since Dec 8th, 2021 at 20.764578
Smart Scan Analysis for GBPEGP
Based on our trend formula, GBPEGP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.822989 | 20.866340 | 20.715890 | 20.759594 | -0.063395 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.822989 | 2021-12-08 18:08:41 |