Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Euro/British Pound (FOREX:EURGBP)
Countertrend Down (-85) - EURGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jan 20th, 2021 at 0.886095
The intermediate-term trend has been DOWN since Dec 31st, 2020 at 0.893810
The short-term trend has been UP since Feb 25th, 2021 at 0.866105
Smart Scan Analysis for EURGBP
Based on our trend formula, EURGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).