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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

British Pound/Euro (FOREX:GBPEUR)

Strong Uptrend (+100) - GBPEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
1.17451 1.17680 1.17360 1.17663 +0.00212
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term up The long-term trend has been UP since Jan 23rd, 2024 at 1.16974

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 1.17234

short term up The short-term trend has been UP since May 15th, 2024 at 1.16460

Smart Scan Analysis for GBPEUR

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

+100
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.17451 1.17680 1.17360 1.17663 +0.00212
Prev. Close Volume Bid Ask Time
1.17451 2024-05-27 09:31:07
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