Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
British Pound/Euro (FOREX:GBPEUR)
Bull Market Weakness (+75) - GBPEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPEUR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been DOWN since Feb 2nd, 2023 at 1.123300
The intermediate-term trend has been UP since Feb 27th, 2023 at 1.138445
The short-term trend has been UP since Mar 27th, 2023 at 1.139300
Smart Scan Analysis for GBPEUR
Based on our trend formula, GBPEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).