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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Bear Market Rally (-75) - GBPXCD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXCD as it may be in the beginning of a reversal.

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
3.3888412 3.3910098 3.3789478 3.3857207 -0.0031210
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 3.4229858

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 3.3715918

short term up The short-term trend has been UP since Dec 25th, 2024 at 3.4017874

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3888412 3.3910098 3.3789478 3.3857207 -0.0031210
Prev. Close Volume Bid Ask Time
3.3888412 2024-12-26 16:19:12
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