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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Countertrend Down (-85) - GBPXCD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Nov 14th, 2024 at 3.4229858
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 3.5325835
The short-term trend has been UP since Nov 20th, 2024 at 3.4309600
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4287182 | 3.4355395 | 3.4271529 | 3.4287617 | +0.0000430 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4287182 | 2024-11-20 03:35:44 |