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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.

FOREX_GBPEUR
Open High Low GBPEUR Price Change
1.141135 1.143005 1.138750 1.142700 +0.001565
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 1.14530

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 1.17120

short term up 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).

-55
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.141135 1.143005 1.138750 1.142700 +0.001565
Prev. Close Volume Bid Ask Time
1.141135 1.142400 1.143000 2020-04-09 06:29:41
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