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.
MarketClub’s Trade Triangles for GBPEUR
The long-term trend has been DOWN since Mar 2nd, 2020 at 1.145300
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 1.102500
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).