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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Bull Market Weakness (+75) - GBPXCD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPXCD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPXCD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXCD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.4552393 3.4602163 3.4428704 3.4477898 -0.0074500
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 3.3835589

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 3.4153475

short term up The short-term trend has been UP since Jun 12th, 2024 at 3.4460312

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4552393 3.4602163 3.4428704 3.4477898 -0.0074500
Prev. Close Volume Bid Ask Time
3.4552393 2024-06-13 21:46:22
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