Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Crossroads (+60) - GBPXCD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Jul 19th, 2021 at 3.6946075
The intermediate-term trend has been UP since Oct 15th, 2021 at 3.7169146
The short-term trend has been UP since Oct 13th, 2021 at 3.6942793
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).