Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Bear Market Rally (-75) - GBPXCD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXCD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPXCD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXCD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Apr 11th, 2024 at 3.3835589
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 3.4189153
The short-term trend has been DOWN since May 7th, 2024 at 3.3868663
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3773432 | 3.3779764 | 3.3726648 | 3.3729173 | -0.0044260 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3773432 | 2024-05-09 02:53:43 |