Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Long-Term Downtrend (-90) - GBPXCD is in a strong downtrend that is likely to continue. While GBPXCD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Feb 28th, 2020 at 3.4506512
The intermediate-term trend has been DOWN since May 12th, 2020 at 3.3119282
The short-term trend has been DOWN since May 22nd, 2020 at 3.2933829
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).