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.
MarketClub’s Trade Triangles for EURGBP
The long-term trend has been DOWN since Sep 18th, 2019 at 0.88265
The intermediate-term trend has been UP since Feb 27th, 2020 at 0.85378
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).