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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been DOWN since Sep 22nd, 2023 at 1.1493
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 1.1613
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).