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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been UP since Nov 11th, 2020 at 1.12800
The intermediate-term trend has been UP since Oct 7th, 2021 at 1.17640
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).