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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Euro (FOREX:GBPEUR)
Bull Market Weakness (+75) - GBPEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been UP since Jan 23rd, 2024 at 1.169740
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 1.164385
The short-term trend has been UP since Apr 24th, 2024 at 1.163800
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.16414 | 1.16760 | 1.16370 | 1.16718 | +0.00304 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.16414 | 2024-04-25 05:12:00 |