Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
British Pound/Euro (FOREX:GBPEUR)
Crossroads (-60) - GBPEUR 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 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.
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MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been UP since Jan 23rd, 2024 at 1.169740
The intermediate-term trend has been DOWN since Mar 21st, 2024 at 1.166015
The short-term trend has been DOWN since Mar 21st, 2024 at 1.167800
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.16686 | 1.16870 | 1.16670 | 1.16830 | +0.00144 |
Prev. Close | Volume | Bid | Ask | Time |
1.16686 | 2024-03-28 04:55:19 |