Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Euro (FOREX:GBPEUR)
Strong Uptrend (+100) - GBPEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been UP since Nov 11th, 2020 at 1.1280
The intermediate-term trend has been UP since Oct 7th, 2021 at 1.1764
The short-term trend has been UP since Oct 26th, 2021 at 1.1872
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).