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.
MarketClub’s Trade Triangles for GBPEGP
The long-term trend has been UP since Jun 10th, 2020 at 20.719973
The intermediate-term trend has been UP since Dec 30th, 2020 at 21.447187
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).