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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.

FOREX_GBPEUR
Open High Low GBPEUR Price Change
1.16686 1.16870 1.16670 1.16830 +0.00144
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term up The long-term trend has been UP since Jan 23rd, 2024 at 1.169740

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 1.166015

short term down 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).

-60
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways 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
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