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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 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.

FOREX_EURGBP
Open High Low EURGBP Price Change
0.845795 0.846350 0.845750 0.846250 +0.000455
Entry Signal

MarketClub’s Trade Triangles for EURGBP

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 0.85489

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.85305

short term up The short-term trend has been UP since Jun 24th, 2024 at 0.84675

Smart Scan Analysis for EURGBP

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

-75
Smart Scan Analysis for EURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.845795 0.846350 0.845750 0.846250 +0.000455
Prev. Close Volume Bid Ask Time
0.845795 2024-06-25 00:58:05
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