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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.
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MarketClub’s Trade Triangles for GELGBP
The long-term trend has been DOWN since Dec 3rd, 2024 at 0.27423641
The intermediate-term trend has been DOWN since Dec 2nd, 2024 at 0.28905688
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).
| 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 |