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Forex Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
Euro/British Pound (FOREX:EURGBP)
Sidelines Mode (-55) - EURGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Aug 2nd, 2022 at 0.834705
The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.851700
The short-term trend has been UP since Aug 4th, 2022 at 0.839965
Smart Scan Analysis for EURGBP
Based on our trend formula, EURGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.843695 | 0.845205 | 0.843055 | 0.844825 | +0.001130 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.843695 | 2022-08-11 04:03:44 |