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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

/British Pound (FOREX:GELGBP)

Bear Market Rally (-75) - GELGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GELGBP as it may be in the beginning of a reversal.

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
0.29516682 0.29516682 0.29516682 0.29516682 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GELGBP

long term down The long-term trend has been DOWN since Oct 12th, 2023 at 0.29865011

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2023 at 0.30219321

short term up The short-term trend has been UP since Dec 5th, 2023 at 0.29318805

Smart Scan Analysis for GELGBP

Based on our trend formula, GELGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GELGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29516682 0.29516682 0.29516682 0.29516682 0.00000000
Prev. Close Volume Bid Ask Time
0.29821011 2023-12-05 16:31:43
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