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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Countertrend Up (+85) - GBPXCD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.5059350 3.5106031 3.5036624 3.5101471 +0.0042120
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term up The long-term trend has been UP since Jul 10th, 2024 at 3.4753004

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 3.4638973

short term down The short-term trend has been DOWN since Jul 14th, 2024 at 3.4561673

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5059350 3.5106031 3.5036624 3.5101471 +0.0042120
Prev. Close Volume Bid Ask Time
3.5059350 2024-07-15 05:26:22
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