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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.

FOREX_EURGBP
Open High Low EURGBP Price Change
0.843695 0.845205 0.843055 0.844825 +0.001130
Entry Signal

MarketClub’s Trade Triangles for EURGBP

long term down The long-term trend has been DOWN since Aug 2nd, 2022 at 0.834705

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.851700

short term up 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).

-55
Smart Scan Analysis for EURGBP
Strong Downtrend Sideways 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
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