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.
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MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been UP since Dec 14th, 2023 at 3.4408760
The intermediate-term trend has been UP since Mar 5th, 2024 at 3.4343389
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).
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 |