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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Sidelines Mode (+55) - GBPXCD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.7147688 3.7310260 3.7111470 3.7307169 +0.0159480
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 3.6946075

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 3.7169146

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 3.7139009

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7147688 3.7310260 3.7111470 3.7307169 +0.0159480
Prev. Close Volume Bid Ask Time
3.7147688 2021-10-28 11:19:02
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