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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Euro (FOREX:GBPEUR)
Strong Uptrend (+100) - GBPEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Sep 20th, 2024 at 1.1930000
The intermediate-term trend has been UP since Nov 8th, 2024 at 1.2053715
The short-term trend has been UP since Nov 20th, 2024 at 1.2001900
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.197710 | 1.200910 | 1.197400 | 1.200256 | +0.002546 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.197710 | 2024-11-20 03:35:59 |