Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
British Pound/Euro (FOREX:GBPEUR)
Sidelines Mode (-55) - GBPEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 2nd, 2020 at 1.14530
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 1.17120
The short-term trend has been UP since Apr 8th, 2020 at 1.14085
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).