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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been UP since Aug 2nd, 2022 at 1.198215
The intermediate-term trend has been UP since Jul 7th, 2022 at 1.174885
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).