Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Strong Downtrend (-100) - GBPXCD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXCD continues to fall. 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 Jul 19th, 2021 at 3.6946075
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 3.3245378
The short-term trend has been DOWN since Jun 28th, 2022 at 3.3078138
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).