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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been UP since Nov 11th, 2020 at 1.12800
The intermediate-term trend has been UP since Oct 13th, 2020 at 1.10785
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).