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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.

FOREX_GBPEUR
Open High Low GBPEUR Price Change
1.13751 1.13885 1.13640 1.13817 +0.00066
Entry Signal

MarketClub’s Trade Triangles for GBPEUR

long term down The long-term trend has been DOWN since Feb 2nd, 2023 at 1.123300

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2023 at 1.138445

short term up 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).

+70
Smart Scan Analysis for GBPEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.13751 1.13885 1.13640 1.13817 +0.00066
Prev. Close Volume Bid Ask Time
1.13751 2023-03-29 03:36:46
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