Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Strong Uptrend (+100) - GBPXCD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPXCD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 26th, 2020 at 3.4613242
The intermediate-term trend has been UP since Nov 6th, 2020 at 3.5601794
The short-term trend has been UP since Dec 3rd, 2020 at 3.6324353
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).