Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 Aug 29th, 2018 at 3.51735
The short term trend has been DOWN since Oct 14th, 2018 at 3.55050
Smart Scan Analysis for GBPXCD
Based on a pre-defined weighted trend formula for chart analysis, GBPXCD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).