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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.
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MarketClub’s Trade Triangles for GBPEGP
The long-term trend has been UP since Dec 1st, 2023 at 39.387625
The intermediate-term trend has been UP since Dec 5th, 2024 at 63.734832
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).
| 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 |