Forex Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
East Caribbean Dollar/British Pound (FOREX:XCDGBP)
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 XCDGBP
The long term trend has been DOWN since Apr 18th, 2017 at 0.291840
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 0.278065
The short term trend has been DOWN since Dec 13th, 2017 at 0.275855
Smart Scan Analysis for XCDGBP
Based on a pre-defined weighted trend formula for chart analysis, XCDGBP scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).