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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

/British Pound (FOREX:GELGBP)

Long-Term Downtrend (-90) - GELGBP is in a strong downtrend that is likely to continue. While GELGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GELGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GELGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GELGBP
Open High Low GELGBP Price Change
0.27933705 0.27933705 0.27933705 0.27933705 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GELGBP

long term down The long-term trend has been DOWN since Dec 3rd, 2024 at 0.27423641

intermediate term down The intermediate-term trend has been DOWN since Dec 2nd, 2024 at 0.28905688

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 0.29088127

Smart Scan Analysis for GELGBP

Based on our trend formula, GELGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GELGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27933705 0.27933705 0.27933705 0.27933705 0.00000000
Prev. Close Volume Bid Ask Time
0.27933705 2024-12-05 22:04:10
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