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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.

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FOREX_GBPEGP
Open High Low GBPEGP Price Change
20.822989 20.866340 20.715890 20.759594 -0.063395
Entry Signal

MarketClub’s Trade Triangles for GBPEGP

long term down The long-term trend has been DOWN since Jul 20th, 2021 at 21.347570

intermediate term down The intermediate-term trend has been DOWN since Nov 4th, 2021 at 21.310221

short term down 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).

-100
Smart Scan Analysis for GBPEGP
Strong Downtrend Sideways 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
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