Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Euro/British Pound (FOREX:EURGBP)
Long-Term Uptrend (+90) - EURGBP is in a strong uptrend that is likely to continue. While EURGBP 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 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.
MarketClub’s Trade Triangles for EURGBP
The long-term trend has been UP since Mar 8th, 2020 at 0.875550
The intermediate-term trend has been UP since May 1st, 2020 at 0.886350
The short-term trend has been UP since May 27th, 2020 at 0.896195
Smart Scan Analysis for EURGBP
Based on our trend formula, EURGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).