Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
British Pound/Euro (FOREX:GBPEUR)
Countertrend Up (+85) - GBPEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 1.1280
The intermediate-term trend has been UP since May 11th, 2021 at 1.1644
The short-term trend has been DOWN since May 14th, 2021 at 1.1604
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).