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Forex Trend Analysis Report
Prepared for you on Sunday, October 13, 2024.
Euro/British Pound (FOREX:EURGBP)
Bear Market Rally (-75) - EURGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGBP.
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 EURGBP
The long-term trend has been DOWN since Sep 20th, 2024 at 0.838345
The intermediate-term trend has been DOWN since Aug 26th, 2024 at 0.845050
The short-term trend has been DOWN since Oct 10th, 2024 at 0.835615
Smart Scan Analysis for EURGBP
Based on our trend formula, EURGBP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.83735 | 0.83735 | 0.83735 | 0.83735 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.83735 | 2024-10-13 04:10:48 |