Forex Trend Analysis Report
Prepared for you on Tuesday, January 25, 2022.
British Pound/Costa Rican Colon (FOREX:GBPCRC)
Long-Term Downtrend (-90) - GBPCRC is in a strong downtrend that is likely to continue. While GBPCRC is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 29th, 2021 at 839.1641
The intermediate-term trend has been DOWN since Jan 21st, 2022 at 860.3815
The short-term trend has been DOWN since Jan 14th, 2022 at 870.4937
Smart Scan Analysis for GBPCRC
Based on our trend formula, GBPCRC is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).