Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Bear Market Rally (-75) - GBPXCD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXCD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Sep 20th, 2023 at 3.3429197
The intermediate-term trend has been UP since Nov 3rd, 2023 at 3.3337856
The short-term trend has been DOWN since Dec 4th, 2023 at 3.4075349
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4024726 | 3.4039297 | 3.3800043 | 3.3911597 | -0.0113130 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4024726 | 2023-12-08 21:43:50 |