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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Euro/British Pound (FOREX:EURGBP)

Long-Term Downtrend (-90) - EURGBP is in a strong downtrend that is likely to continue. While EURGBP 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 EURGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURGBP
Open High Low EURGBP Price Change
0.853950 0.854250 0.850395 0.851175 -0.002775
Entry Signal

MarketClub’s Trade Triangles for EURGBP

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 0.854890

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.853050

short term down The short-term trend has been DOWN since May 13th, 2024 at 0.859075

Smart Scan Analysis for EURGBP

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

-90
Smart Scan Analysis for EURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.853950 0.854250 0.850395 0.851175 -0.002775
Prev. Close Volume Bid Ask Time
0.853950 2024-05-22 14:47:36
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