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Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Bull Market Weakness (+75) - GBPXCD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPXCD as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Mar 7th, 2023 at 3.2005566
The intermediate-term trend has been UP since Mar 13th, 2023 at 3.2816655
The short-term trend has been UP since Mar 17th, 2023 at 3.2957927
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3056694 | 3.3322442 | 3.3030836 | 3.3200656 | +0.0143960 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3056694 | 2023-03-22 20:46:22 |