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Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
Euro/British Pound (FOREX:EURGBP)
Sidelines Mode (+50) - EURGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURGBP can gain momentum.
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.
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MarketClub’s Trade Triangles for EURGBP
The long-term trend has been DOWN since Jan 23rd, 2024 at 0.854890
The intermediate-term trend has been UP since Apr 19th, 2024 at 0.859155
The short-term trend has been UP since May 2nd, 2024 at 0.856150
Smart Scan Analysis for EURGBP
Based on our trend formula, EURGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.855075 | 0.856595 | 0.854650 | 0.856075 | +0.001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.855075 | 2024-05-02 13:25:52 |