Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Euro/British Pound (FOREX:EURGBP)
Bear Market Rally (-75) - EURGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGBP as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for EURGBP
The long-term trend has been DOWN since Jan 20th, 2021 at 0.886095
The intermediate-term trend has been DOWN since Oct 7th, 2021 at 0.850085
The short-term trend has been UP since Oct 28th, 2021 at 0.846550
Smart Scan Analysis for EURGBP
Based on our trend formula, EURGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).