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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

British Pound/Euro (FOREX:GBPEUR)

Long-Term Downtrend (-90) - GBPEUR is in a strong downtrend that is likely to continue. While GBPEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.14949 1.15130 1.14910 1.15005 +0.00056
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 1.1493

intermediate term down The intermediate-term trend has been DOWN since Sep 12th, 2023 at 1.1613

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 1.1606

Smart Scan Analysis for GBPEUR

Based on our trend formula, GBPEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.14949 1.15130 1.14910 1.15005 +0.00056
Prev. Close Volume Bid Ask Time
1.14949 2023-09-25 08:39:11
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