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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2019.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.44185 3.44720 3.43665 3.43815 -0.00370
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long term trend has been DOWN since May 17th, 2019 at 3.45285

intermediate term down The intermediate term trend has been DOWN since May 15th, 2019 at 3.47835

short term down The short term trend has been DOWN since May 8th, 2019 at 3.52495

Smart Scan Analysis for GBPXCD

Based on a pre-defined weighted trend formula for chart analysis, GBPXCD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.44185 3.44720 3.43665 3.43815 -0.00370
Prev. Close Volume Bid Ask Time
3.44185 3.41980 3.45650 2019-05-20 13:25:46
Want to analyze British Pound/East Caribbean Dollar GBPXCD or another symbol? Try our Free Forex Trend Analysis Report.