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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Sidelines Mode (+55) - GBPXCD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.4384025 3.4390370 3.4309817 3.4315916 -0.0068110
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term up The long-term trend has been UP since Dec 14th, 2023 at 3.4408760

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2024 at 3.4343389

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 3.4581353

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4384025 3.4390370 3.4309817 3.4315916 -0.0068110
Prev. Close Volume Bid Ask Time
3.4384025 2024-03-19 04:09:21
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