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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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
3.3056694 3.3322442 3.3030836 3.3200656 +0.0143960
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 3.2005566

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 3.2816655

short term up The short-term trend has been UP since Mar 17th, 2023 at 3.2957927

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
3.3056694 3.3322442 3.3030836 3.3200656 +0.0143960
Prev. Close Volume Bid Ask Time
3.3056694 2023-03-22 20:46:22
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