Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
British Pound/Costa Rican Colon (FOREX:GBPCRC)
Sidelines Mode (-55) - GBPCRC 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 GBPCRC?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCRC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCRC
The long-term trend has been UP since Oct 16th, 2019 at 741.1550
The intermediate-term trend has been DOWN since Jan 19th, 2020 at 732.5535
The short-term trend has been UP since Feb 21st, 2020 at 738.8725
Smart Scan Analysis for GBPCRC
Based on our trend formula, GBPCRC is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).