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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
British Pound/Euro (FOREX:GBPEUR)
Long-Term Uptrend (+90) - GBPEUR is in a strong uptrend that is likely to continue. While GBPEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GBPEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPEUR.
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 GBPEUR
The long-term trend has been UP since Jan 23rd, 2024 at 1.16974
The intermediate-term trend has been UP since Apr 12th, 2024 at 1.17240
The short-term trend has been UP since Apr 9th, 2024 at 1.16650
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1711550 | 1.1726000 | 1.1697000 | 1.1702015 | -0.0009540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1711550 | 2024-04-16 11:35:26 |