Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/British Pound (FOREX:EURGBP)
Long-Term Downtrend (-90) - EURGBP is in a strong downtrend that is likely to continue. While EURGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Oct 7th, 2021 at 0.850085
The short-term trend has been DOWN since Oct 26th, 2021 at 0.842350
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).