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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

British Pound/Euro (FOREX:GBPEUR)

Long-Term Uptrend (+90) - GBPEUR is in a strong uptrend that is likely to continue. While GBPEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid GBPEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPEUR
Open High Low GBPEUR Price Change
1.1855 1.1855 1.1855 1.1855 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term up The long-term trend has been UP since Nov 11th, 2020 at 1.12800

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2021 at 1.17640

short term up The short-term trend has been UP since Oct 13th, 2021 at 1.18012

Smart Scan Analysis for GBPEUR

Based on our trend formula, GBPEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1855 1.1855 1.1855 1.1855 0.0000
Prev. Close Volume Bid Ask Time
1.1855 2021-10-16 11:52:54
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