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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

British Pound/Euro (FOREX:GBPEUR)

Weak Uptrend (+65) - GBPEUR is showing signs of weakening momentum to the upside. Monitor GBPEUR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPEUR
Open High Low GBPEUR Price Change
1.182200 1.182665 1.174800 1.178170 -0.004030
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term up The long-term trend has been UP since Aug 2nd, 2022 at 1.198215

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2022 at 1.174885

short term down The short-term trend has been DOWN since Aug 19th, 2022 at 1.181200

Smart Scan Analysis for GBPEUR

Based on our trend formula, GBPEUR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.182200 1.182665 1.174800 1.178170 -0.004030
Prev. Close Volume Bid Ask Time
1.182200 2022-08-19 15:54:58
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