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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.

FOREX_EURGBP
Open High Low EURGBP Price Change
0.844450 0.846650 0.842305 0.845850 +0.001400
Entry Signal

MarketClub’s Trade Triangles for EURGBP

long term down The long-term trend has been DOWN since Jan 20th, 2021 at 0.886095

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2021 at 0.850085

short term up 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).

-75
Smart Scan Analysis for EURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.844450 0.846650 0.842305 0.845850 +0.001400
Prev. Close Volume Bid Ask Time
0.844450 2021-10-28 11:33:51
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