Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Costa Rican Colon (FOREX:GBPCRC)
Bear Market Rally (-75) - GBPCRC is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCRC as it may be in the beginning of a reversal.
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 Mar 12th, 2020 at 718.5790
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 722.7550
The short-term trend has been UP since May 19th, 2020 at 695.4593
Smart Scan Analysis for GBPCRC
Based on our trend formula, GBPCRC is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).