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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

British Pound/Euro (FOREX:GBPEUR)

Countertrend Up (+85) - GBPEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.18395 1.18420 1.18360 1.18401 +0.00006
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term up The long-term trend has been UP since Jan 23rd, 2024 at 1.16974

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 1.17234

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 1.18180

Smart Scan Analysis for GBPEUR

Based on our trend formula, GBPEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.18395 1.18420 1.18360 1.18401 +0.00006
Prev. Close Volume Bid Ask Time
1.18395 2024-06-18 00:44:56
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