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Forex Trend Analysis Report

Prepared for you on Friday, September 18, 2020.

British Pound/Euro (FOREX:GBPEUR)

Bear Market Rally (-75) - GBPEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPEUR as it may be in the beginning of a reversal.

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
1.09339 1.09600 1.09288 1.09480 +0.00141
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 1.145300

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2020 at 1.102500

short term up The short-term trend has been UP since Sep 16th, 2020 at 1.093715

Smart Scan Analysis for GBPEUR

Based on our trend formula, GBPEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.09339 1.09600 1.09288 1.09480 +0.00141
Prev. Close Volume Bid Ask Time
1.09339 1.09450 1.09510 2020-09-18 04:20:41
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