Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/East Caribbean Dollar (FOREX:USDXCD)
Bull Market Weakness (+75) - USDXCD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDXCD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDXCD
The long-term trend has been UP since Nov 15th, 2018 at 2.70260
The intermediate-term trend has been UP since Mar 12th, 2019 at 2.70255
The short-term trend has been UP since Apr 5th, 2019 at 2.70265
Smart Scan Analysis for USDXCD
Based on our trend formula, USDXCD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).