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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

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
21.827499 21.913737 21.756756 21.891772 +0.064273
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term up The long-term trend has been UP since Jun 10th, 2020 at 20.719973

intermediate term up The intermediate-term trend has been UP since Dec 30th, 2020 at 21.447187

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 21.907827

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
21.827499 21.913737 21.756756 21.891772 +0.064273
Prev. Close Volume Bid Ask Time
21.827499 2021-03-02 22:31:28
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