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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Sidelines Mode (+55) - GBPXCD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.4934721 3.4938560 3.4934721 3.4935398 +0.0000680
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term up The long-term trend has been UP since Oct 15th, 2019 at 3.4327000

intermediate term down The intermediate-term trend has been DOWN since Feb 4th, 2020 at 3.5018465

short term up The short-term trend has been UP since Feb 25th, 2020 at 3.5080056

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4934721 3.4938560 3.4934721 3.4935398 +0.0000680
Prev. Close Volume Bid Ask Time
3.4934721 3.4749898 3.5120898 2020-02-27 00:02:57
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