Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPXCD
The long term trend has been DOWN since May 1st, 2018 at 3.70760
The intermediate term trend has been UP since Jul 8th, 2018 at 3.59815
The short term trend has been UP since Jul 16th, 2018 at 3.57790
Smart Scan Analysis for GBPXCD
Based on a pre-defined weighted trend formula for chart analysis, GBPXCD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).