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Forex Trend Analysis Report

Prepared for you on Friday, February 28, 2020.

Euro/British Pound (FOREX:EURGBP)

Crossroads (+60) - EURGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.853330 0.857450 0.852625 0.853565 +0.000235
Entry Signal

MarketClub’s Trade Triangles for EURGBP

long term down The long-term trend has been DOWN since Sep 18th, 2019 at 0.88265

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2020 at 0.85378

short term up The short-term trend has been UP since Feb 26th, 2020 at 0.84085

Smart Scan Analysis for EURGBP

Based on our trend formula, EURGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.853330 0.857450 0.852625 0.853565 +0.000235
Prev. Close Volume Bid Ask Time
0.853330 0.853510 0.853620 2020-02-28 07:57:23
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