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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 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.

FOREX_GBPEUR
Open High Low GBPEUR Price Change
1.11271 1.11271 1.11271 1.11271 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term up The long-term trend has been UP since Nov 11th, 2020 at 1.12800

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2020 at 1.10785

short term down The short-term trend has been DOWN since Nov 25th, 2020 at 1.12014

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).

+55
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.11271 1.11271 1.11271 1.11271 0.00000
Prev. Close Volume Bid Ask Time
1.11271 2020-11-29 04:26:12
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