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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

US Dollar/East Caribbean Dollar (FOREX:USDXCD)

Strong Downtrend (-100) - USDXCD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDXCD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDXCD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDXCD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDXCD
Open High Low USDXCD Price Change
2.70255 2.70255 2.70255 2.70255 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXCD

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for USDXCD

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

-100
Smart Scan Analysis for USDXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.70255 2.70255 2.70255 2.70255 0.00000
Prev. Close Volume Bid Ask Time
2.70255 2024-05-23 13:06:52
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