Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Countertrend Up (+85) - GBPXCD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 16th, 2020 at 3.6579028
The short-term trend has been UP since Mar 9th, 2021 at 3.7538023
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).