Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Apr 18th, 2017 at 3.4267
The intermediate term trend has been UP since Nov 22nd, 2017 at 3.5977
The short term trend has been UP since Dec 13th, 2017 at 3.6275
Smart Scan Analysis for GBPXCD
Based on a pre-defined weighted trend formula for chart analysis, GBPXCD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).